Hello Guys!
This idea is for all who wants to get a position in the markets esp in banknifty and doesnt knows what to do. Here is a plan.
If a price falls 7 days and gets a big candle which is often related as tweezers or marubozu and this pattern in days chart cant be said as bullish harami, In this usual scenario i have tried to show by brush what can happen, I feel onto my thoughts and after having rigourous test, if a candle moves curved and that to in downtrend, it tends to restest the lows in a fiscal week or fortnite UNLESS a 4hour candle breaks out with volume which nullifies the pattern.
I feel one can short BNF here with FUTURE contracts with SL 37276 and targets of 36372 can be seen.
WHERE have i found this price action? - Its all rigourous testing and price action timing. Will update if it worked!
This idea is for all who wants to get a position in the markets esp in banknifty and doesnt knows what to do. Here is a plan.
If a price falls 7 days and gets a big candle which is often related as tweezers or marubozu and this pattern in days chart cant be said as bullish harami, In this usual scenario i have tried to show by brush what can happen, I feel onto my thoughts and after having rigourous test, if a candle moves curved and that to in downtrend, it tends to restest the lows in a fiscal week or fortnite UNLESS a 4hour candle breaks out with volume which nullifies the pattern.
I feel one can short BNF here with FUTURE contracts with SL 37276 and targets of 36372 can be seen.
WHERE have i found this price action? - Its all rigourous testing and price action timing. Will update if it worked!
Comment:
Safe traders can and need to follow the timeline I said!
Comment:
4hours time frame have no vol spike, ye another trap i feel, lets see if we see 37760 shorts
Trade closed manually:
faillll :(
Comment:
As I've seen no volume spike in 4H time frame so likely this momentum is driven by ugh budget?