As per my previous analysis, now nifty will see pull back which might bring the nifty to the 200 EMA / 38.2 fib level or neckline level of H&S. But as it has broken long term trendline with strength, it may go down further and test 10500. Wait for Bloodbath at Dalal Street and SELL might be considered at 200 EMA (Personal VIEW only). What YOU thinking ? Please...
Look RSI - Look FIB level & Look Recent Trend. All suggesting something :) . Can be looked for long after one GREEN candle closing above 165.50.
Must Remember - Trade , What you see not What you think.
Simple yet Thinkable chart pattern. May test NEXT fib level as it broken down the HEAD & SHOULDER PATTERN with conclusive victory (i.e. no DOJI or GREEN candle formation, while breaking neckline).
