Nifty index is broken the trendline strongly...
Before going to break price a strong consolidation is given with a lot of liquidity lies below it...
@22400 levels
now price is exactly at the zone of resistance.
the resistance zone is lies at 24000-24300, after a strong movement to upside price is still not given any retracement...
Case1::
I am expecting either a strong retracement towards trendline.
the retracement should be in the form of correction with slower one.
Corrective pullback::
Case2::
After the liquidity above the 24000 and 24300, price has to give some retracement..
If we buy here it will completely becomes a manipulation....
Buying above the resistance zone is also a manipulation on topside...
If price breaks the resistance zone, then will wait for a correction towards the trendline areas.
Note::
So in order to buy the breakout of trendline the stoploss placement is very large...so with large stoploss will never go for buying...
the 2 possible buying areas are
1.breakout candle at the trendline
2.after the liquidity grab below the strong consolidation zone( before breakout of trendline.)
we have manipulation on both sides....if we go for long price will make an attempt of retracement as lot of liquidity lies below.
Better to look for short above the resistance zone(topside liquidity).If no retracement now.
Before going to break price a strong consolidation is given with a lot of liquidity lies below it...
@22400 levels
now price is exactly at the zone of resistance.
the resistance zone is lies at 24000-24300, after a strong movement to upside price is still not given any retracement...
Case1::
I am expecting either a strong retracement towards trendline.
the retracement should be in the form of correction with slower one.
Corrective pullback::
Case2::
After the liquidity above the 24000 and 24300, price has to give some retracement..
If we buy here it will completely becomes a manipulation....
Buying above the resistance zone is also a manipulation on topside...
If price breaks the resistance zone, then will wait for a correction towards the trendline areas.
Note::
So in order to buy the breakout of trendline the stoploss placement is very large...so with large stoploss will never go for buying...
the 2 possible buying areas are
1.breakout candle at the trendline
2.after the liquidity grab below the strong consolidation zone( before breakout of trendline.)
we have manipulation on both sides....if we go for long price will make an attempt of retracement as lot of liquidity lies below.
Better to look for short above the resistance zone(topside liquidity).If no retracement now.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.