When all are biased towards the bearish side why I can able to see a sideways to bullish angle?. Here are the reasons. 1. 11700 is the 50% of Fib retracement of the last bull run (Covid bull run). Now it is hanging over there for the last two weeks but could not able to break it. 2. Why i can able to see a W pattern in the daily chart. Of course, it is not formed...
I am a new trader and i am assuming that nifty is trying to make this inverse Head and shoulder pattern?.