NIFTY Weekly chart Analysis

• Nifty weekly chart shows a bearish picture. 
• Bears are showing multiple bearish pattern breakdowns like Head and shoulders, Descending Triangle etc. 
• Bearish cross looks strong and will be intact as long as 20 week moving average is conquered by bulls.
• Only bullish possibility that i can think of in the first chart is that of a double bottom formation for this to happen 5177 and 5195 has to be intact and before a bullish move can happen we might see range trading for one or two weeks. So for a bullish move to happen price has to consolidate here and it should not make new lows.