BANKNIFTY--Inverse Head & Shoulders??

Banknifty Index created a inverse Head and Shoulders pattern...
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.

ความคิดเห็น:

it is approching the level...wait price may completely bearish as well.

ความคิดเห็น:

as long as price is above its bullish only.

ความคิดเห็น:

its time to think

ความคิดเห็น:

It's time to think elimination or reversal

ความคิดเห็น:

Break and continuation or break and fall back
elimination and move upside...
keylevel is neckline

ความคิดเห็น:

Breakout or breakdown

ความคิดเห็น:

exit from long if price breaks 45970 levels.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

Its now at one more important zone of resistance...

ความคิดเห็น:

until Neckline breaks no short side view

ความคิดเห็น:

now price is at important zone of resistance....its time for reversal