SGX Nifty D Time Frame View , MAKE or BREAK LEVELS
on D timeframe SGX NIFTY,
yesterday due Powell speech Nassdaq tanked 500 points
Bearish Signal:
1) So SGX broke an important trend line rising from 16469
2) with double top being formed unevenly & this indicating the break of the neckline,
we can see a good fall unto 16700 levels HOW ? ( Look down on Bullish)
Bullish Signal :
1) after all the correction happened till now, we still can assume strength of the index since from the same 16469 Level,
a bullish pennant is being formed & now its on the key bottom support trend line of the pennant, MAKE OR BREAK LEVELS,
it breaks it & we see market tanking down easily to 16700 or Making New Highs.
yesterday due Powell speech Nassdaq tanked 500 points
Bearish Signal:
1) So SGX broke an important trend line rising from 16469
2) with double top being formed unevenly & this indicating the break of the neckline,
we can see a good fall unto 16700 levels HOW ? ( Look down on Bullish)
Bullish Signal :
1) after all the correction happened till now, we still can assume strength of the index since from the same 16469 Level,
a bullish pennant is being formed & now its on the key bottom support trend line of the pennant, MAKE OR BREAK LEVELS,
it breaks it & we see market tanking down easily to 16700 or Making New Highs.