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#nifty
another island reversal after 24th feb
if we don't fill this gap in this week.... we should see new lower levels(obviously all or any analysis can fail but going forward we have 9550 as massive resitance)
and we will act as per this.
9550 resistance so we will keep it
another island reversal after 24th feb
if we don't fill this gap in this week.... we should see new lower levels(obviously all or any analysis can fail but going forward we have 9550 as massive resitance)
and we will act as per this.
9550 resistance so we will keep it
sl and we will keep selling options of 9550 in bounce.
on lower side - we closed today at trend line support or a rising wedge tl support.
explained in past about rising wedge in past.
in.tradingview.com/chart/NIFTY/X4…
on lower side - we closed today at trend line support or a rising wedge tl support.
explained in past about rising wedge in past.
in.tradingview.com/chart/NIFTY/X4…
one most imp point I will say -
island reversal is best when it forms in the weekly time frame or when it happens on 1st day of the week. they have high probability of success ratio.
hourly minutes charts are useless in my view when u focussing on Island reversal
island reversal is best when it forms in the weekly time frame or when it happens on 1st day of the week. they have high probability of success ratio.
hourly minutes charts are useless in my view when u focussing on Island reversal
