Schiff Pitchfork

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tRex88 tRex88 TOP NIFTY, M,
NIFTY: NIFTY with SCHIFF PITCHFORK
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NIFTY, M
NIFTY with SCHIFF PITCHFORK

NIFTY monthly chart as seen after drawing SCHIFF PITCHFORK . WE can observe few things here: 1) The median line is very strong support and candles in the past clustered around the median line before a bounce. 2) Whenever Nifty went to the +50% line (upper half) it reversed. It happened 2 times, i.e late 2010 and early 2015 (marked for your reference) 3) Most ...

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