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AbhishekDoreswamyGowda
Mar 10, 2022 7:58 AM

Bearish Reversal trade explained (BANK NIFTY) Short

BANKNIFTY INDEX FUTURESNSE

Description

Please do Refer Smaller Time frames for Better Understanding. (1 or 3 Min charts)


After a bullish move, created a support and failed to form Higher high and created a neckline.
@ 12:11 PM Broke down the neckline.(we'll enter only after retest)
@ 12:24 to 12:26 PM, Formed a bullish Candles trapping the retail traders, and this candles didn't break the neckline,
instead took a resistance.
Here comes our chance to enter for a short position at rejection.


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