- Nifty line chart shows a breakout above the broadening formation.
- Now this breakout should sustain and follow up buying should take nifty above the Blue dotted resistance line.
- If it fails to cross the resistance line and retraces into the broadening formation it will be trouble for the bulls.
- So Bulls need a close above the resistance line.
- Bears need to push price back into the broadening pattern.
- ASCENDING TRIANGLE OF US DOLLAR
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