After the breakdown below the Bottom trend line “BT”, NIFTY underwent a pullback to BT. Perfectly as the theory says. Notice the point PB. It is on the dot at the BT. Today; the NIFTY went above yesterday’s high but closed below yesterday’s low. Once again an individual candlestick bearish reversal pattern… Now what is in the wait is a breakdown below the minor pattern (congestion region) . It is approximately at 5650. If on the next trading day, this too get confirmed, we might see it going much below. So… The intensions are made clear.
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