Following ideas help develop a Long Trade bias for Bank Nifty in 1 Hr Time frame.
1. Price taking support of Minor Demand Zone with long bottom wicks exhibiting strong buying pressure 2. Price creating an inside green candle in the latest bar displaying a temporary pause in downward momentum 3. Price taking support at the mid-line of pitchfork drawn between pivots 1-2-3.
Expecting Price to touch 40400+
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Great... Price behaving just the way we anticipated. Buyers have taken control of Market from Minor Demand Zone marked in the chart. Anyone interested to learn Advance Price Action strategy can reach me out.