This is scientific analysis of NIFTY50 index structure through NIFTYBEES ETF using frequency shifting. I mean that volume around that COVID-19 low is very impressive.
Red parallel Lines represent covid-19 market structure and yellow parallel lines represent historical NIFTY50 structure. Both lines together forms supply and demand clusters where price is expected to behave in a very specific way in the future. ETF charts are very important, actually more important than open interest charts for analysis of market sentiments and potential movements.
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