BANKNIFTY--Head & Shoulders Pattern??
Updated
Now price is likely to reversal.
If we see the chart price created a Head and Shoulders pattern.
we have a chance of consolidation at current price levels.
keep in short side until it clears the bottom side liquidity.
Go long again ,after a liquidity grab done below 47000 levels.
If we see the chart price created a Head and Shoulders pattern.
we have a chance of consolidation at current price levels.
keep in short side until it clears the bottom side liquidity.
Go long again ,after a liquidity grab done below 47000 levels.
Note
No wick is observed in bottom side...means keep in long side....end of bearishness.
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