Nifty Analysis for the next few days...
Structural Analysis :
We know that there will be minor patterns within the major pattern, In the above chart we can see there is this minor pattern which is a bearish gartley in formation.
Though this pattern is not yet confirmed, we can anticipater the probabilities, only if the price crosses the level 17500, the target will be 18030 and this will be confluenced with the
trendline that has been tested and confirmed twice.
Though we have seen yesterday that every high is being sold off and not letting 17400 being crossed, i'm bearish at the moment but if price crosses 17500 i will be bullish
and follow this minor structure.
Now lets see the what if.
What if this minor pattern fails we have this PRZ of the major pattern as target. Look for a reversal at this level or for a break down of this level.
The idea will be updated as the price moves
We know that there will be minor patterns within the major pattern, In the above chart we can see there is this minor pattern which is a bearish gartley in formation.
Though this pattern is not yet confirmed, we can anticipater the probabilities, only if the price crosses the level 17500, the target will be 18030 and this will be confluenced with the
trendline that has been tested and confirmed twice.
Though we have seen yesterday that every high is being sold off and not letting 17400 being crossed, i'm bearish at the moment but if price crosses 17500 i will be bullish
and follow this minor structure.
Now lets see the what if.
What if this minor pattern fails we have this PRZ of the major pattern as target. Look for a reversal at this level or for a break down of this level.
The idea will be updated as the price moves
TeamTaurus
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