The_Trader14

Nifty H&S formation. Will it continue the downfall?

The_Trader14 アップデート済   
NSE:NIFTY   Nifty50指数
Yesterday night I drew the formation on the chart but was waiting for market to confirm.

Today it confirmed it by completing the right shoulder.

If the neckline of this formation is broken, then expect more downfall.

Play Safe & Happy Trade.

Note: Views only for educational purpose. Consult your financial advisor for any trade.
コメント:
Market tried to break neckline in first 4 hrs but it reversed and hence it went up again.

No bear until the neckline is broken comfortably in 4h or daily timeframe.
コメント:
Wait for the top trendline to break.

If it break then H & S pattern will be invalid and we can start a bull position from their.
コメント:
H&S pattern invalid as Nifty made a new high.

Now we have to change our perception as per Market.
トレード終了: ストップロスに到達
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