NIFTY made a textbook head and shoulders pattern,
broke below the green neck line,
tested the Support turned into Resistance,
and has fallen below today with a full bodied candle with virtually no wicks on either side.
This is a clear indication that bears are in control.
The weekly close looks pretty bad as well.
Guess, the 3rd wave is here finally.
broke below the green neck line,
tested the Support turned into Resistance,
and has fallen below today with a full bodied candle with virtually no wicks on either side.
This is a clear indication that bears are in control.
The weekly close looks pretty bad as well.
Guess, the 3rd wave is here finally.