We can analyse Nifty price action in the light of Trader Vic's 2B Pattern. Trader Vic describes this excellent technique as follows”: “When the upward price trend, if the price on the market touched the previous price peak, but could not cross it the first time, and immediately fell below the previous price peak, this suggests that the trend has been on the market about to make a turn“. The opposite is generally true for the downward price trend which I have marked as example 1.
Potential trade based upon the setup is marked for the traders for trading or the learning.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Potential trade based upon the setup is marked for the traders for trading or the learning.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade closed: target reached
