BANK NIFTY LOOKS LIKE MOVING INSIDE A TRIANGLE.

TRIANGLE ARE A PATTERN ON CONSOLIDATION AND ARE THE LAST LEG OF A TREND. GENERALLY BREAKDOWN AND REVERSE JUST LIKE WE RECENTLY SAW IN SBIN.
CURRENTLY WE ARE WAITING FOR WAVE D AND E TO FINISH BEFORE ENTERING A TRADE. WAVE A HIGH IS INVALIDATION OF THE TRIANGLE. IF THAT BREAKS WE ARE LOOKING AT A COMPLEX CORRECTION.

Order avbruten:

BROKE WAVE C HIGH. TRADE CANCELLED.