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Chart says it all
Snow dive to bounce back ??
6 feb EOD - Nifty
Chart says it all....
Channel upwards on 15 min TF inside a rising wedge / upwards channel on a 4hr TF...
Looks like it may come down....
Wedge downwards. Possible upmove again....
Chart has description
Falling wedge - like upwards movement in coming week
Daily / 4 hour / 15 mins
I am revising my thoughts based on what my prof explained to me....
Now i am seeing what i wasnt seeing before.
Description on chart....
Description on chart
Description of analysis mentioned on chart with Targets.
Description given in chart
has broken resistance trend line and will move skywards ....
It seems to be moving in an upwards channel pattern.
Support / Resistance marked on chart.
Looks like it will touch the upper RESISTANCE LEVEL (LIGHT BLUE LINE) and fall back.
Crude oil chart posted earlier today.... same one updated with RESISTANCE LINES.
Channel has been broken and now it remains to be seen if RESISTANCE will be broken on upwards movement.
Daily chart shows wedge formation.
Trend lines showing support and resistance met.
The BLUE lines also show where it has met support multiple times.