BANKNIFTY--Trending Up or Down ??
تم تحديثه
The bank nifty index, entire day price is trading in a range.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
Tomorrow we can expect a breakout or breakdown.....
On top side if price breaks the 45100 level and gives us retest will go for long.
on bottom side if price breaks 44600 and retest will go for short side...
at triangle breakdown or breakout no entry will be placed...
fake out may be possible after a consolidation.
One more point after a strong consolidation price is going down means we can expect a strong upside momentum.
careful here.
Today price has taken the liquidity on both sides...eliminating both buyers and sellers.
ملاحظة
don't forget the right shoulder and Neckline.ملاحظة
price is still in range. wait for up or down.ملاحظة
wicks showing us bullish pressure....ملاحظة
Don't go long...its manipulating.ملاحظة
wait for break and retest...ملاحظة
just broken.ملاحظة
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If it is a continuous bullish, will enter on long ,if gives retracement.ملاحظة
Strong reds are approching the zone ignore long.ملاحظة
this helps a lot....i think.ملاحظة
if this trendline acts as support and again breaks high Enter long.ملاحظة
If this again rejects i will go for short entry....keep look at this level.ملاحظة
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now price is at my POI for sell.need cinfirmationملاحظة
this time if it is bearish our entry will be triggered.ملاحظة
I am taking the entry to little upside...on break of this low my short triggered.ملاحظة
Consolidation + price moves upside.... confirmation of sell side...looking for reversal setup....near its trendline
strong bullishness failed to take the price up.
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so waiting for short....ملاحظة
ملاحظة
failed to break below.تم إغلاق الصفقة يدويًا
Our stoploss won't hit....targets won't hit....will see in next session.
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