1. First nifty price has to exit parallel channel to be able to anticipate a bullish move
2. Break of Previous swing high confirms the buyers interest at higher prices.
3. Break above the equal highs lies a Long standing liquidity. sweep of all these sell stops, potentially removes weak bears
4, 5. A short term low is a possibility above which price might move with double the strength of both bulls buyers and sellers covering.
2. Break of Previous swing high confirms the buyers interest at higher prices.
3. Break above the equal highs lies a Long standing liquidity. sweep of all these sell stops, potentially removes weak bears
4, 5. A short term low is a possibility above which price might move with double the strength of both bulls buyers and sellers covering.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.