However, seems to be drying up.
Does this mean SM have stopped trading and only amateurs have taken positions?
Can this be a false upside break of the forming?
I remember the instance mentioned in Tom William's book Master the Markets looking at this instance.
Well... let's not anticipate and wait for couple of hours before the show begins!
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Bank Nifty has broken the wedge on lower end, hence both indices do not tally with each other.
I am expecting a dip, not a hug bounce downside in Nifty - around 300-400 point correction.