The pattern got failed badly in #banknifty and the reversal of the short term trend will be below 20,096.
Patterns Got failed in the last 2 week:-
1. PRZ in 22,650-22,750 range got failed and made a high of 23,211.
2. got failed below 23,428 and made a low of 22,803.
Now we have #harmonic pattern on #banknifty, where the targets are 21,476 / 21,028 / 19,733.
All the levels and decision zone are on the chart, the decision zone is above positive and below negative.
Trade what you see, not what you feel, enjoy trading.
Look at the condition for the target of 20k & 19K, if 21K breaks then only.
People don't read and condition and start jumping.
where u see HH & HL? my understanding seems to be a little less.
Apologies for my ignorance.