BANKNIFTY--Bullish Gap or Bearish Gap??
Updated
Observations:
1.price opened in a demand zone and failed to take the price up wards...
2.The hidden demand zone acts as support and price moves up and gives pullback...
3.Yesterday's demand zone resist the price to go up....and price falls back...
4.while breaking the demand zone price,
leaves a bearish gap and continue its fall till the hidden demand zone...
5.Bullish gap is still not able reach.
so we have 2 options now...
which gap fills 1.Bullish gap
2.Bearish gap.
if price opens below gap1, we can expect a immediate fall happens and fills the bullish gap2.
so be careful here, don't initiate a short as soon as opens ..wait for the right opportunity and enter.
Based on the price opening we will decide which gap is going to fill 1st.
and also price has created its 1st low...and given us pullback to sell...
so on Monday if price opens below 1st low, then its created a 2nd low, which confirms bearish sign.
then price is immediately created a lower high again...so will look for buy at that time..
then we can expect a bearish gap be finished and price may again fall, or continue moving up again.
lets see what happens on live market.
All this is a premarket analysis, live market is entirely different from the pre and post market analysis.
our assumptions and calculations all are changes...
so we have to act smart and continue with the price movement and observe the reactions at the demand and supply zones, support and resistance zones.
supply becomes demand and vice versa.
Support becomes resistance and vice versa.
1.price opened in a demand zone and failed to take the price up wards...
2.The hidden demand zone acts as support and price moves up and gives pullback...
3.Yesterday's demand zone resist the price to go up....and price falls back...
4.while breaking the demand zone price,
leaves a bearish gap and continue its fall till the hidden demand zone...
5.Bullish gap is still not able reach.
so we have 2 options now...
which gap fills 1.Bullish gap
2.Bearish gap.
if price opens below gap1, we can expect a immediate fall happens and fills the bullish gap2.
so be careful here, don't initiate a short as soon as opens ..wait for the right opportunity and enter.
Based on the price opening we will decide which gap is going to fill 1st.
and also price has created its 1st low...and given us pullback to sell...
so on Monday if price opens below 1st low, then its created a 2nd low, which confirms bearish sign.
then price is immediately created a lower high again...so will look for buy at that time..
then we can expect a bearish gap be finished and price may again fall, or continue moving up again.
lets see what happens on live market.
All this is a premarket analysis, live market is entirely different from the pre and post market analysis.
our assumptions and calculations all are changes...
so we have to act smart and continue with the price movement and observe the reactions at the demand and supply zones, support and resistance zones.
supply becomes demand and vice versa.
Support becomes resistance and vice versa.
Note
price is exactly in supply zone...Note
Note
price is also golden zone...wait for more confirmationNote
please wait before short...Note
yesterdays supply has to breaks and retest...then only short...otherwise bullish ...bearish gap be finished.. will see.
Note
Note
if price didn't create any low....price breaks above zone...will look for buying up to bearish gap above.Note
Don't go long ...keep trailing..Note
Bullish Gap is perfectly done....Note
if price again rejected will again fall till the bottom side zone..Note
Liquidity Move happens here...Note
liquidity done....Note
Don't go short even if it breaks and retest of trendline...price has to break the day low again and gives us retest then only sharp fall happens.Note
now price is broken...wait for sell it gives retracement.Note
Price is at our POI...wait for sell
Note
price broken our POI ...will see tomorrow live market.
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