WHY RED ARROW WAS MADE AT POINT FROM WHERE YOU SAW FALL?

Hello Traders,
This post is all about the price action understanding which shows you the result in form of yesterday's fall. As the title of this post suggests why halt 2 acted as a point of fall. You all can see on the chart and posted this marking on 16th Dec 2021 on the community tab of YT for this day trade with a perfect trade plan to ease confusion on trading by any struggling traders. Many took advantage of this prior information. The link to the community tab is given below to see all my analysis on this tab every day in the evening for the next day. Here is the idea of trade posted on the same date with chart, where point no.2 gives the clarity about this move.

Trade Idea for Banknifty for 17-12-21

1. If the price opens near zone 1 and takes resistance then the price would be range-bound here for some time. In this consolidation, it takes out to upside this zone then halt 1 is your target.

2. On the contrary, if opens near halt 2 and takes support even though chances of taking out to the downside halt 2 will be high. Either it will take out immediately or would consolidate here for some time.

Note:- See and compare point no.2 with price action.

Yogesh Vats