nifty M pattern trade

Jimmy_Rebello Updated   
NSE:NIFTY   Nifty 50 Index
with recent low (27th jan 12:15) to yesterdays high drawn a fib
today nifty's high was near about 0.6 fib lvl which os considered to be good lvl of retracement

if you considered previous few session kind of wedge pattern is forming
if the price breaks the arrow line then it can fill up today's gap upto 17625
just above the 0.6 fib lvl can be stop loss
the price touched but didnt close below our short entry
Order cancelled:
this is why closing of candel is so important


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