Unit of Technical Analysis
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the bollinger band has just shrunk in last 30 minutes
next 30-60 minutes should decide a direction
completes once 1.618 reversal at 15965 of small range formed in morning
15950 will be 50% of the range formed
between yesterday's low and today's high
We need to see how market reacts at this point before we see any direction movement
let's not rush int oa trade, lets understand the markret before we take a trade
My apologies,
prepared the video, but forgot to paste the link in the Group
Nifty measured moves.
Market has been currently giving retracements around 100-140, if it has to go down, it will continue with similar measured moves.
If it has to move up, the moves will be more than 100-140 points.
Please keep in mind
The trend still looks down and no kind of Divergences are seen in higher time frames
Let me know, if you are abel to track any.
