Nifty:WaveTalks-Bulls Yelling Excitement- The Gap Strategy!!!

Oct 19, 2021

Bulls Yelling The Excitement- The Gap Strategy!!!
When they come together, they are trying to tell you something.
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17950 – Critical Level: The Important Clue
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From the last 2 ideas published at TradingView - Crossing above 17950 & not falling below 50 Period Moving Average provided dynamic support to the Index – an important pullback trading strategy that bulls use to participate in the bull run.
50 Period Moving Average shown as Flag Mark + Red Circle (Offered Dynamic Support)
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Gaps Strategy
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Gaps act as support & resistance which can be used as another trading strategy. Intraday today @ 19thOct2021. Gap 3 held as support & gave bounce from current day low @ 18400 to 18550+ which is currently in progress.

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What Next?
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Current Fall looks Impulsive in nature from the Highs of 18600’s in the opening session, If holds as resistance & falls below 18550(strictly) then Next dynamic support could be gap 3 once again & if it gets filled- 2nd support shall be close to 18275-18300 zone which is 50 periods moving average.
If falls below 50 periods moving average Gap 2 & Gap 1 should act next supports.


Thanks for reading!