Nifty 50 IndexLong
nifty 50 -The Bearish Butterfly Pattern
The ideal Bearish Butterfly structure is defined by a precise 0.786 B point retracement of the
XA leg. The setup requires an AB=CD pattern that should converge with the
1.27 XA and the 1.618 BC projections as minimum conditions to define the PRZ.
XA leg. The setup requires an AB=CD pattern that should converge with the
1.27 XA and the 1.618 BC projections as minimum conditions to define the PRZ.
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