This short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 /...
Educational Idea talking about reversal candlestick pattern - Tower Top & Double Divergence at the tops could be halting the bullish moves. Once we get follow up going below 16475 immediately- It could have bearish bias for the days / weeks to come ahead. Important Support Levels - 16160 / 15800-15900 / 15500 Thanks for watching the video.
Wedge Pattern - for Right Shoulder (Complex Correction)
Super Excited to Start This Idea with Marathi Musical Piece - Ghan Othanbun "Yeti" by Legendary Singer - "Lata Mangeshkar Ji" which compliments by Blue Microphone "Yeti". Thanks for your precious time & I wish all of you a lovely & terrific week ahead. Trading Strategy Plan A – Getting an opportunity close to 12200-12225 – Buy with strict stops below...