Nifty Trap Zone 2 - Momentum Impulse Pattern formation
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Major Resistance Broken by RALLY BASE RALLY ==> BREAK LIMIT ZONE
Minor Resistance created by the Engulf 1. --> followed by DROP BASE RALLY --> creating MOMENTUM IMPULSE PATTERN
Expecting Engulf 2 . to be formed which will be followed by formation of new Resistance ...
MONTHLY LONG ENTRY can be taken when prices touches MIP.
high point of engulf 2 expecting to be 10584
...
Major Resistance Broken by RALLY BASE RALLY ==> BREAK LIMIT ZONE
Minor Resistance created by the Engulf 1. --> followed by DROP BASE RALLY --> creating MOMENTUM IMPULSE PATTERN
Expecting Engulf 2 . to be formed which will be followed by formation of new Resistance ...
MONTHLY LONG ENTRY can be taken when prices touches MIP.
high point of engulf 2 expecting to be 10584
Trade active:
high point of engulf 2 has to be above red zone by atleast 30-50 points
Comment:
Now 10763 has been touched overall good engulf done .. now expecting the market to come down .. fill this gap created in 10600 region and 10400 region ---> touch the MIP zone then go back up for long positon
Comment:
