Seems Like forming good pattern keeping my eyes open on this in coming days
Head & Shoulder Pattern in progress of formation in NIFTy
Let's see where it takes us when comes out of rectangle Pattern.....
Break down of either side (Blue (SUPPORT) or Pink (resistance) line) will decide the TREND
Let's wait & watch for completion of pattern with support of resistance level. Trade only when Bear candle appear at point of completion of pattern. It can also be seen as 2618 pattern completion but double top is not so accurate tht's y .... not mention on top let's see.
let's see reversal occurs with help of previous resistance & if pattern , divergence support this level. Trade only when candle stick shows reversal formation.
& Daily Chart with with Divergence & Long distance support Let's see if Bull support Dollar....
Hopefully Bull Support Dollar for uplift
Let's see if Bull support Dollar
Fed meeting completed our Big pattern so fast .... so guys, go for Bull after confirmation of reversal candle stick. Here seems like Bullish harami forming ...but wait for lower time confirmation too...
1. Divergence in RSI with Price 2. Looks like double bottom As of now NO Clue Let's Wait .............
Let's see :- 1. If it goes below Trend line then we can see downfall. 2. But if it goes above strong resistance then sky is the limit :0)
Let's see if reversal occur (Take confirmation of candle stick or lower time signal.)