Nifty is attempting a reversal from a Bullish Harmonic Alt Shark in hourly time frame which coincides with an Ichimoku Kumo support in daily time frame. If it manages to sustain above 11100 it could retrace back to 11275/11350. There is strong resistance now at 11425. Break of 11050 on closing basis will lead to further weakness/selling pressure.
Harmonic Trading Patterns are studies of specific patterns based on fixed Fibonacci ratios. They give reversal signals when there a cluster of ratios come in alignment.
Ichimoku is a Japanese study based on specific Moving Averages
Harmonic Trading Patterns are studies of specific patterns based on fixed Fibonacci ratios. They give reversal signals when there a cluster of ratios come in alignment.
Ichimoku is a Japanese study based on specific Moving Averages
Kommentar:
Bullish AB=CD
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