Nifty Month symmetry | Price near 200 SMA

• Price is staying near 200 SMA. No big reaction yet from 200 SMA. If price stays around here without a fast bounce then it increases the chance of a breakdown.
• Add to that price is staying below crucial moving averages. Any bounce will find it had to cross 50 and 100 SMA. So the bounce which if happens should happen with big momentum for bulls to back in control.
• Month is trying to form a symmetrical pattern. I hope for the sake of small investors that the left hand side is not equal to right hand side. Bulls can change this scenario by changing the colour of the current month candle, which is going to be difficult.