2022-08-26 06:00:09
#NIFTY STRUCTURE (detailed)
As discussed earlier on 22nd,
we had VWAP-POS setup for 23rd, which (in the current market scenario) may turn into "BULL TRAP". Now bull trap is in place, next step is to have one more "small" BULL TRAP on intraday basis, to throw WEAK SELLERS out of market
for trend continuation, which will lead into formation of new structure on 15min, for sellers to take domination fully for new trend.
Important level for BB Sellers is LPS of channel's (1) touch which comes around 17420.
If sellers fails to cross that in a day or two, price may enter into the trading range for next week.
173 viewsAKC, 03:00