Hello Traders,
NIFTY50 advanced to 21938 closing price, but failed to move above 22000!
May this level is in the cards for tomorrows session.
The move from the top @ 22126 back to 21726/21737 is a clear "three-down" and a test off the breakout level and the upper boundary of the rectangle!
As long as this low is valid, price should rise to the blue rising trend line @ 22100 range in the coming days ahead!
The count also is valid and no need to change now!
Recall my analys from February 2nd.
The here made conclusion and levels are valid and use them for your trading!
Note, the chart is 1hourly today!
That`s it for today!
Have a great week .....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
NIFTY50 advanced to 21938 closing price, but failed to move above 22000!
May this level is in the cards for tomorrows session.
The move from the top @ 22126 back to 21726/21737 is a clear "three-down" and a test off the breakout level and the upper boundary of the rectangle!
As long as this low is valid, price should rise to the blue rising trend line @ 22100 range in the coming days ahead!
The count also is valid and no need to change now!
Recall my analys from February 2nd.
The here made conclusion and levels are valid and use them for your trading!
Note, the chart is 1hourly today!
That`s it for today!
Have a great week .....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.