Bearish Harmonic Pattern (Analysis on Nifty)
Updated
Trade with the preferred levels, According to my analysis nifty will fall until its peak break
two red lines are strong resistance level & two black lines are Potential reversal zone PRZ
aggressive traders can enter now, with break of second red line with heavy volume as your stop loss
adjust your position with the preferred levels with your risk management
safe traders wait and enter in-between the PRZ with 13800 as stop loss or three consecutive 15 mins red candles makes perfect entry with last hour high as your stop loss
Target 13200
two red lines are strong resistance level & two black lines are Potential reversal zone PRZ
aggressive traders can enter now, with break of second red line with heavy volume as your stop loss
adjust your position with the preferred levels with your risk management
safe traders wait and enter in-between the PRZ with 13800 as stop loss or three consecutive 15 mins red candles makes perfect entry with last hour high as your stop loss
Target 13200
Note
Aggressive Traders -candle crossed with not heavy volume, moment reversed came below the line within 15 minutessafe traders- Hold you got chance to buy @13700
wait till 13800 or 13500 to hit R:R 1:2
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