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- Triangle formation in nifty futures hourly chart.
- I feel if the positional bull in nifty is to survive this pattern breakout should be a failed one.
- As long as the price does not close above the bottom line of the triangle the bears will stay alive for the next down move.
- when the entire world is in pain it is odd for the nifty to be resilient like this.
- I think this is a bull trap.