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AmitGoel217

Counter Attack Candlestick Pattern Nifty

Short
Nifty 50 Index (NSE:NIFTY)  
AmitGoel217 Updated   
NSE:NIFTY   Nifty 50 Index
Chart Patterns Technical Indicators NIFTY
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chartpattern indicator nifty
Nifty has formed a rare Counter Attack candlestick pattern. If found after a rally in price, it's a bearish reversal pattern. The way to trade this would be to wait for confirmation that prices indeed want to fall and then enter the trade keeping the pivot high as SL.

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in.tradingview.com/chart/whUiROtc/
Comment:
No confirmation of prices wanting to fall. View will be cancelled if the recent top is taken out on closing basis.
Comment:
View first got negated and then eventually played out. Classic whipsaw.
Order cancelled
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