Down Trend start, Next Target is the Channel Bottom.
Updated
Nifty 50 coming down side, because Trendline breakout is the one of the Confirmation and also did not closing above the Channel Pattern.
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Trade closed: target reached
NIfty50 Reached Target 1 is 0.5 Fibonacci Retracement. Refer below image.So it may correction for Down Trend. Hereafter, continue to Down Trend.
Trade closed: target reached
2nd Target Channel Bottom Reached. Refer this image.Trade closed: target reached
3rd Target 1.2 Fibonacci Level Reached. Refer this image.
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