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Nifty 50 Index

NIFTY--Impulse-Correction??

Von IIT-Trader
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A Strong impulse wave is identified in NIFTY.
Wait for the corrective wave to continue its direction or reversal.
After corrective wave will decide further direction of NIFTY.
Now it is at Resistance zone.
will see tomorrow outside bearish candle or Outside bullish candle forms.
Because liquidity lies on both sides.
Until price breaks the 21800 levels no short side view.
Anmerkung
price is now exactly at resistance peak point.
Anmerkung
it is confirming that Bearish sign...pin bar at Resistance Zone.
Snapshot
Anmerkung
wait for complete turn
Anmerkung
this is the place ...for U turn....keep safe....
SL hunt done for sellers...
Anmerkung
If the zone failed to push the price upside....fall till 2196-21920 levels...
lot of liquidity lies below it.
Snapshot
Anmerkung
price is now at crucial resistance zone...if this break and retest will enter longside...
or
If price gives us any reversal will look for shhort side.
Snapshot
Anmerkung
consolidation--break above resistance--no continuation look for sell
Snapshot
Anmerkung
consolidation Downside manipulation chance keep safe.
Snapshot
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