careful - RISING WEDGE in NIFTY
well, seems like the bull is about to take a rest. I spotted, what seems like, an under-formation rising wedge pattern in NIFTY in weekly time frame.
rising wedgw is a bearish pattern. (google it for more information) However, the lower trendline is not yet valid and so the pattern is not valid yet. but retail traders need to exercise extreme caution here.
rising wedgw is a bearish pattern. (google it for more information) However, the lower trendline is not yet valid and so the pattern is not valid yet. but retail traders need to exercise extreme caution here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.