Cup and Handle has been forming since August 2023.
Actually, what has formed is a V Pattern. Now there is a break down which could be a consolidation pattern forming.
During this time, we could see a Handle pattern - to complete the Cup and Handle.
If we see a breach above the brim level, we could see HUGE upside to come.
7>21>200
Price>200
Target...
Hello, Guys! Nifty-50 Is Bearish Trend on 11-10-2021
TARGET :- 1278 Near
STOP-LOSS :- 1287
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Zone is being respected since the first chart and its giving a very clear HEAD & SHOULDER pattern on the daily.
Ive marked this with the blue arrows so it would be vissable on the Weekly Macro View
If we dont get any strenght coming in to close august above the marked zone, the economie will never be the same...
Trade Clean & Stay Safe!!!
If we look at the overal Global Market, not a lot has changed due to uncertainty about the CoronaVirus.
Now, 2 months later, the second wave is starting to kick in at Europe and this may be again the trigger
for the long time correction that is lying ahead of us.
Trade with care and Trade Safe!
EURONEXT -
A small correction can happen but it doesnt look to good for the overall European Index.
More fall to the downside will kick in but a news event is needed to pull the trigger once again.
Probably the second Wave of the CoronaVirus will do the trick.
