Next possible short on Nifty, MAYBE?
Most 786+ POC confluence gives out great possibilities for an entry, one such entry is around the corner.
Why bear?
we are forming lower high on high time frame, gives me a reason this will continue as we have lower levels to visit especially the 618 fib fan.
Here we can see most of the fib fan working, even on the 2008 crash we found support at 618.
This analysis is to be taken as a form of hedge, I'm not saying this will work but in the technical analysis world we are at resistance, its time to enter short (under the correct conditions).
How to enter?
This is my expectations (in an ideal situation) take out the support and flip bearish.
Why bear?
we are forming lower high on high time frame, gives me a reason this will continue as we have lower levels to visit especially the 618 fib fan.
Here we can see most of the fib fan working, even on the 2008 crash we found support at 618.
This analysis is to be taken as a form of hedge, I'm not saying this will work but in the technical analysis world we are at resistance, its time to enter short (under the correct conditions).
How to enter?
This is my expectations (in an ideal situation) take out the support and flip bearish.
Yorum: