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AXIS BANK 1HR
Two Strong BEARISH Patterns Gartley & Butterfly Forming Strong POTENTIAL REVERSAL ZONE
Ultra high volume up bars - trap of Smart Money . Professionals have no interest to the upside – low volume. Professionals are selling into the public buying – Higher volume.
As RSI still above 30 so is Butterfly going to give Reversal or GARTLEY ? Low – volume shows no interest to the upside from “Smart Money” so Expecting prices will not go higher.
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR.
SET UP BECOMES VALID ONLY when RSI comes below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
Potential SELL
Ultra high volume up bars - trap of Smart Money . Professionals have no interest to the upside – low volume. Professionals are selling into the public buying – Higher volume.
As RSI still above 30 so is Butterfly going to give Reversal or GARTLEY ? Low – volume shows no interest to the upside from “Smart Money” so Expecting prices will not go higher.
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR.
SET UP BECOMES VALID ONLY when RSI comes below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
Potential SELL
Aviso legal
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