BANKNIFTY--Inside Candle + Upside = Fall ??

After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure.
price also forms a inside candle, and yesterday shows a strong bullish momentum again.
if this bullish momentum sustains...or falls again.

Considering that inside candle as consolidation at Previous ATH levels,
and shows us a bullish momentum, so if we consider this as
Bearish Pressure + Consolidation + Upside = Great fall.

if we observe after breaking the trendline no retest is observed in higher timeframes,
a strong bullish move is observed from 44700-44750 levels.

if price failed to take the help of previous HH, and bottom side Demand fails,
we can expect a strong fall.

Will see what happens in live market...
Thanks for your support.

ความคิดเห็น:

price taken the support from previous ATH and moving up...if failed to move up, fall is observed.

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ความคิดเห็น:

Price taken the support from HH, if failed to break highs...will plan for short action.

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Hence proved.......