Nifty Futures Trading

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Yes, seems like it. Bearish. It's been very tepid so far, some action either direction is welcome.

-- Milind
Isint Higher highs and lower lows similar to bearish wedge ?

Or is it that in Higher Highs The highs are much higher than the highs in bearish wedge ?


looking the closing of spot.... didnt it break the lower side as per support drawn and shouldnt we be on the shorter side right now ?


i hope ur getting wat i am trying to ask...
 
Isint Higher highs and lower lows similar to bearish wedge ?

Or is it that in Higher Highs The highs are much higher than the highs in bearish wedge ?


looking the closing of spot.... didnt it break the lower side as per support drawn and shouldnt we be on the shorter side right now ?


i hope ur getting wat i am trying to ask...
Yes, bearish wedge. In general upward pointing patterns are bearish and downward pointing bullish. But this break in the middle makes things a bit unpredictble since the pattern is on 1 or 5m tf. Confirmation needed before taking any action.

-- Milind
 
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