Nifty - semaphore / expanding wedge pattern ? 15th - Trade setup

Nifty after consolidating in a range for 3 days gave a downside breakout. DOW yesterday gave an upside triangle breakout and forming an expanding wedge pattern that denotes extreme volatility

It is in all possibility Nifty to follow the DOW pattern today

Trade setup provided on charts

Pls do keep a watch on SL levels 10689 - below it - the hypothesis stands false

Happy Trading
MSK

Trade closed: target reached:

target 1 achieved but the AGM provided opportunity for short sellers to take control

the overall sentiment still remains bullish for this expiry

Comment:

Check how beautifully the semaphore pattern has shaped up for Nifty - 11k looks quite feasible now