MARKET IS COMING UP! SHORTER BE READY TO SHORT ON HIGHER LEVELS
1. We can see double top pattern which is bearish in long go or we can say a bearish move is coming.
2.But point to be noted is tomorrow market wont be bearish it would be bullish but not too much we can expect a small green candle.
3.Why we can expect it becoz if we go in 1Hr time frame what I observed is last candle is green , sgx nifty is also in green so bullish opening no doubt but how so sure? I am sure because in 1Hr time frame market is making cup & handle which is bullish, market as been falling from last 3 days so currently it wants to make bearish flag to give better breakdown because on daily time frame there is an double top pattern which is impact full but to make it's impact heavy breakdown is needed which can be obtained through bearish flag pattern.
SHIVAM MISHRA
-MGB
2.But point to be noted is tomorrow market wont be bearish it would be bullish but not too much we can expect a small green candle.
3.Why we can expect it becoz if we go in 1Hr time frame what I observed is last candle is green , sgx nifty is also in green so bullish opening no doubt but how so sure? I am sure because in 1Hr time frame market is making cup & handle which is bullish, market as been falling from last 3 days so currently it wants to make bearish flag to give better breakdown because on daily time frame there is an double top pattern which is impact full but to make it's impact heavy breakdown is needed which can be obtained through bearish flag pattern.
SHIVAM MISHRA
-MGB