Bearish pattern on NIFTY
NIFTY SPOT Bearish and scary
Scary because it is confusing. Read the following:
Candles are in a downtrend trading very close to the bottom of Bollinger Bands
but
It also looks like a bullish flag pattern
So now that I've successfully confused you, tell me bring in your notice that RSI is diving which will add weight to chances of a bearish move.
Let me confuse you again.
15m charts are side-trended with candles trading at the top of Bollinger Bands
Today will be a strict NoTa (No Trade) for me.
Scary because it is confusing. Read the following:
Candles are in a downtrend trading very close to the bottom of Bollinger Bands
but
It also looks like a bullish flag pattern
So now that I've successfully confused you, tell me bring in your notice that RSI is diving which will add weight to chances of a bearish move.
Let me confuse you again.
15m charts are side-trended with candles trading at the top of Bollinger Bands
Today will be a strict NoTa (No Trade) for me.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.