November 7, 2017

NIFTY Rising wedge cloud and Hanging Man update

  • Rising wedge in hour is showing some hope for bears. Bears also need a close below 30 Minutes cloud to confirm weakness. 
  • Bulls need to Hold above 30 Minutes cloud to negate the bearish setup.
  • The Hanging man candle lost its effectiveness yesterday when price did new high's. But today's price action so far looks good for bears. Bears though need a close below 10400 levels to confirm weakness.
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