krish9892

Wedge pattern breakout or breakdown? - M pattern on 15mins chart

Short
NSE:BANKNIFTY   NIFTY BANK
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2
Tomorrows first 15 mins crucial as a breakdown from wedge pattern should give us a trending day on downside. Since i see a Double Top (M Pattern on 15 mins) i would prefer to SHORT SELL. Wait for it to break on the downside from wedge pattern to initiate your trade after 1st 15 min candle. In case it breakout on the upside, i would not be interested!

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i have exactly same view.. not interested in the upside at all.. All the best
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