Nifty - The Power of M - Magical@11550Review of last Idea
Plan A – achieved 80-90 points as discussed in the trading strategy of last video idea.
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Power of M can be experienced in various forms. One of such form was visible in current structure in 11550-11570 zone as
Bullish Bat Pattern
Bullish Alternate Bat Pattern
You can learn more about such patterns in Harmonic Trading Book Volume 1 & 2 by Scott Carney(Author).
Trading Strategy
Holding 11550-11570 as updated in status – it pushed in line & closed at 11600 mark. We look out for following targets
11675
11710
11760
11825-11850
Traders can plan to sell at the highs of 11675 / 11710 / 11760 but surely avoid selling if index moves above these levels as bulls could control the move.
Hoping for new all time highs with 11550-11570 holding as support downside.
Thanks for watching this video & your precious time.
