Nifty : no position yet

NSE:NIFTY   Nifty 50 Index
Although Nifty is moving in downward channel , taking a short/long position now will be a bit risky.
Monday i.e 24th closing will decide the trend


you both sir great analysis/regards
According to Gann argument 2 filed attempts to break the resistance line ( double top) third one is a fair chance to break out that is why professionals never short in triple top the fourth one is almost sure more than 90 % so you are heading for a break out.that is invalidating your red arrow have only less than 10%.So my opinion is go long
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