Nifty :Symmetrical Triangle pattern on smaller time frame
Nifty 15 mins chart
The index which was moving in a falling red channel has given a bullish break this opening positive possibilities. After bullish break the index moved in a stiff range. Despite of movies ng in a narrow range prices protected the level of 10900 and as a result index gave close above 11000.
From wave perspective, the index is moving Symmetrical triangle pattern. Earlier I thought it is in Neutral Triangle. Now the former one is much likely and if prices hold 10900 then there can be a good reversal coming ahead.
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