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Nifty Bank Index

BANKNIFTY--Conolidation or Bearish

Oleh IIT-Trader
Diupdate
If consolidation happens at resistance chances of break above the resistance.we have a liquidity above 43500 levels.
Look for short side if price comes to 43700 or 43800 levels...If no sign of bearishness price also clears the liquidity above 44100.
If price opens at bottom look for short side below 42600 levels.
Chances of break upside if no gapdown opening.
Trade safe....
Catatan
Keep in long side as long as price is above the 43100 levels...
Catatan
opens upside...premium is high...wait for pullback to 43100 or 43060 levels for buy at discounted price.
Catatan
consolidation stage...
cuplikan
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consolidation + manipulation
cuplikan
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chance of fall back...keep safe...
cuplikan
Catatan
if no fall and price breaks the right shoulder and retrace to right Shoulder, enter long with neckline as SL
Catatan
cuplikan
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cuplikan
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If price breaks below and gives us retracement enter short
cuplikan
Catatan
wait no candle close...just wick
Catatan
Broken the line but no continuation...when ever price is in consolidation it revolves around support and resistance...
cuplikan
Catatan
will see in the next session what happens...
Good day for scalpers...and sellers.
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IIT-Trader
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