Nifty 50 IndexLong
Inverted H&S Formation with clear channel breakout
Publishing my views after a long gap.
Inverted H&S has formed on 5/15 minutes while
Respecting the channel. Head top is 250 points from the base.
With upward channel breakout tomorrow, looks almost certain to hit 16450 in no time. Possibly 16600, as this will finish a D in ABCDE correction.
Analysis negated once the channel breaks downward.
I am long at my own discretion. Discretion is advised.
Inverted H&S has formed on 5/15 minutes while
Respecting the channel. Head top is 250 points from the base.
With upward channel breakout tomorrow, looks almost certain to hit 16450 in no time. Possibly 16600, as this will finish a D in ABCDE correction.
Analysis negated once the channel breaks downward.
I am long at my own discretion. Discretion is advised.
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