Monday, November 2, 2015

Nifty: Up or Down By Jas

In my previous post i confirmed a head and shoulders breakdown (see previous post). But predictions are just reflections of the past. Exhausted from the fall, Nifty reversed from the purple line. Now the question is whether this reversal is wave 1 of a bigger up move or wave X of a continual down move. It seems a decisive weekly close above the green trend line would confirm the former trend, while a close below purple line would affirm the latter.

Enjoy trading.

1 comments:

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