Looks like Triangle has broken with shift in price volatility

٢٠ يناير ٢٠١٧

Nifty confirmed triangle break with first 15 minute of opening. I think short can be initiated for minimum downside of 8385. Prices are currently retracing to broken line take entry at the end of retrace.

٢٠ يناير ٢٠١٧

ملاحظة

Downward momentum started

٢٠ يناير ٢٠١٧

ملاحظة

Intra day traders can exit positions if they want to, positional traders can hold their positions with trailing SL

٢٠ يناير ٢٠١٧

ملاحظة

٢٠ يناير ٢٠١٧

ملاحظة

I think prices should halt at 8353 for some time now, waiting for price to complete its first cycle so that we can add Fibonacci Arcs to them