April 24, 2020

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 1.7% in negative at 9154
- AD was 1:2 (good sign)

- nifty continues to trade in rising wedge
- the wedge/ triangle is nearing end
- break of lower trendline will lead to more downsides

- it is expected that 8000 and eventually 7500 will break
- time... I don't know



3 min charts:
- short trade not be considered as candle was a doji
- all  other signals are valid
- half signals will fail so a 5 bar swing should be decent SL




No comments:

Post a Comment