RakeshKohli-Elliotician
Short

Nifty Island Reversals

NSE:NIFTY   Nifty 50
46 1 1
Nifty             has been making newer lows and highs since September'16.

For all the bulls there is a matter of concern that nearly every rise has created "Island Reversal" patterns. These now become very strong resistances !

Nifty             will need very strong up moves to overcome them which will not come anytime soon as it appears now.
Nicely spotted !
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