BANKNIFTYA bear flag breakout is evident in the 2H chart. The pole was a decent bear trend down after rejection at the top of the trading range post a failed breakout.
The fib level coincides with the demand zone which also happens to be the bottom of the trading range.
The higher probability trade however is to go long at the demand zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.