Educational Purpose.
It has formed a Bearish Harmonic Gartley which coincides with the Weekly/Monthly Ichimoku resistance alongwith highest OI in 200CE, It could retest 175/165. View negates above 196
As per the pattern, dollar might show a steep rise (60-85° angle) in near future. As per the known situations, in long term dollar may face a sharp fall but before that if the pattern breaks out on chart, dollar can witness a sharp bullish rally for a short term. This explanation is only for educational purpose and isn't any kind of recommendation. Don't take...
HDFC BANK is forming a long inverse pattern which again suggests hdfc looks for greating shorting purpose. Its for learning purpose. But its very likely to fall below to follow and respect the pattern
Educational purposes
Tradingview froze at 0.01. Saving the chart to remember this night haha.
If it closes above 204 lelvel in intraday, it can rally upto 220-225. i.e 10% rally in 1-2 sessions.
NIFTY is moving inside a rising wedge or triangle as u can call it break below the wedge can take it down to the trendline of the previous two lows....