Counter Attack Candlestick Pattern Nifty

12 sept. 2023

Nifty has formed a rare Counter Attack candlestick pattern. If found after a rally in price, it's a bearish reversal pattern. The way to trade this would be to wait for confirmation that prices indeed want to fall and then enter the trade keeping the pivot high as SL.

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in.tradingview.com/chart/whUiROtc/

13 sept. 2023

Note

No confirmation of prices wanting to fall. View will be cancelled if the recent top is taken out on closing basis.

26 sept. 2023

Note

View first got negated and then eventually played out. Classic whipsaw.

26 sept. 2023

Ordre annulé