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omvats1
Mar 5, 2023 7:20 AM

Classical example of price relation with a pattern "Nifty" 

Nifty 50 IndexNSE

Description

publishing herewith a classical example of price following multiple patterns using nifty monthly chart

last Oct'22 marked Feb'23 in my chart but in Nov'22 price opened above the Pattern it started as support but got rejected by the trend line on 01/12/22 again took support on a curve line but again rejected by another trendline on 01/01/2023 again took support at curve line and so on

Comment

Feb'23 was the intersection point of close of the previous dozi and the curved line,

Comment

my humble request try to understand the pattern

Comment

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