Forming Bearish pattern, to trade between S1 and S2, if S2 is breached -- S3 will be the immediate support. there might be a gap down, In that case Trade could be between S2 and S3
2008 vs 2020 as we see similarities of first decline of -30% (2008) & -39% (2020) and first correction of 25% in both 2008 and 2020 scenarios. 2008 2nd decline +4 months -28.5% 2008 3rd decline +4months - 51% Total depression in 2008 was 64.55% Depression will we see in 2020 should be should be above 60% too bullish trend we are seeing in 2020 is just a correction
somehow my publishing were locked, please refer to the actual link.
Somehow my publishings were locked. please refer to the actual details
Identifying the entry and exit for patterns. according to last pattern I will suggest the entry point mentioned to short it. The Exit point is equal to the length of the last curve. :)
Nifty50 forming Bearish Pennant, the first curve is bigger than the second and the third curve is smallest as nifty is showing threshold and strong resistance above 9300 levels forming a small third wave, will complete the bearish pennant to drop to 7500 level.
Bearish pennant completing the wave suggest levels below 18700 can see a sharp correction near 1600 level.