Nifty 50 IndexShort
Nifty bearish view
hello, viewers.
As we can see the 1 day swing high low and applied fib. retracement, as 1st fib. ret market retrace 0.5 level which indicates the low breaking probability for new low.
And in 2nd new swing high low as per fib.ret. law 2nd swing golden ratio and 0.5 level also break low. which will indicates thee market will make new low at fib. support if low breaks then new support will be draw at chart which is of 1.382 and 1.50 of 2nd fib retracement.
disclaimer = Everything drawn at chart, trade at your own risk.
As we can see the 1 day swing high low and applied fib. retracement, as 1st fib. ret market retrace 0.5 level which indicates the low breaking probability for new low.
And in 2nd new swing high low as per fib.ret. law 2nd swing golden ratio and 0.5 level also break low. which will indicates thee market will make new low at fib. support if low breaks then new support will be draw at chart which is of 1.382 and 1.50 of 2nd fib retracement.
disclaimer = Everything drawn at chart, trade at your own risk.
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