As we can see there are two potential patterns yet to be formed. Why do I call it as "Potential patterns ", well as of now none of the patterns are near D point completion, so that's y its potential patterns.
Just think about the advantage of it, We just don't care whether Nifty moves Up or Down from 7880's. Bcos We are Armed & Ready !
If Nifty goes up n completes bear cypher, we take Short Positions If Nifty goes down n completes Bullish Bat , we take Long Positions N There is possibility of anyone of pattern not getting completed .
Check your plans, risk-reward also before entering the trade. Note : 1) Cyphers sometimes gives inverse Risk : Reward but worth it. 2) Bullish bat will be invalid if market moves above 7895's ( we predicted bat too early)
Hit Likes to Agree / Comment Your Views..
Happy Trading !
Trade closed: target reached
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Note : We have Nifty Index chart here, not Nifty Futures chart but we will be trading on Nifty Futures in Exchanges, not on Index