Nifty Bank IndexEducation
MARKET REVERSAL-IDENTIFYING BULL STRENGTH WITH CONFLUNECE
1] 15 min candle taken support on PREVIOUS DAY Trendline and stronger rejection for
consecutive 3 candle (no 15 min candle close below trendline) and respecting
PREVIOUS DAY trendline indicating that bull are strong enough and trying hard -
during running market -(IS STRONG SIGNAL WITH CONFLUENCE)
2] forming strong hammer candle at day low, SO ENTRY IS PERFECT
AFTER BREAKING HIGHER HIGH OF HAMMER CANDLE
consecutive 3 candle (no 15 min candle close below trendline) and respecting
PREVIOUS DAY trendline indicating that bull are strong enough and trying hard -
during running market -(IS STRONG SIGNAL WITH CONFLUENCE)
2] forming strong hammer candle at day low, SO ENTRY IS PERFECT
AFTER BREAKING HIGHER HIGH OF HAMMER CANDLE
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