Today, NIFTY’s price action completed a Falling Three Pattern (too close to the theoretical formation). Attached herewith the relevant part of NIFTY and the theoretical formation
This pattern is supposed to be a high reliability bearish reversal pattern.
I had earlier made a posting near 10.30 AM today, to go short. I had also intimated you all how DOW looks and the TTI’s SHORT signal (Proprietary Indicator of www.ftalarms.com) generated on the daily chart, yesterday.
Now, the stage is set… It is for NIFTY to perform and confirm its SHORT signal with 2000 NN signal system. We have to wait for the signal generation and confirm.
So… Keep your fingers crossed and watch what is store tonight.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
