NIFTY SPOT Bearish and scary
Scary because it is confusing. Read the following:
Candles are in a downtrend trading very close to the bottom of Bollinger Bands
but
It also looks like a bullish flag pattern
So now that I've successfully confused you, tell me bring in your notice that RSI is diving which will add weight to chances of a bearish move.
Let me confuse you again.
15m charts are side-trended with candles trading at the top of Bollinger Bands
Today will be a strict NoTa (No Trade) for me.
Scary because it is confusing. Read the following:
Candles are in a downtrend trading very close to the bottom of Bollinger Bands
but
It also looks like a bullish flag pattern
So now that I've successfully confused you, tell me bring in your notice that RSI is diving which will add weight to chances of a bearish move.
Let me confuse you again.
15m charts are side-trended with candles trading at the top of Bollinger Bands
Today will be a strict NoTa (No Trade) for me.