Indice NIFTY 50

A BEAR TRAP coming up!!??

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As we can see NIFTY has formed more like an inverted flag-pole structure which signified bearish continuation but since it is trading around strong demand zone, it can potentially give false breakdown resulting in a TRAP and this trap could potentially change the overall structure of the market and can close inside the pattern hence we should wait for closing below the pattern to confirm the breakdown else the bear trap could trap us so plan your trades accordingly.

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