Nifty - Real Struggle for Bulls Begins Now {Wyckoff}
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The volatility of General Election results was at it's best as we witnessed the roller coaster Monday and Tuesday.
The bulls managed to regain the momentum today as well but the real struggle for them begins now.
The index has entered into the major resistance zone of gap and if bulls pull this out, the index can witness a major short-covering rally towards 24,000.
But if they fail, the FIIs are waiting for the opportunity, and then Monday's high will be marked as a Fakeout, as per Wyckoff's theory. Also, it will be the index's lower high.
If this is marked as a Fakeout, then the Tuesday fall may be the first Sign of Weakness (SOW) as per Wyckoff—a bearish structure.
What are you trading - Longs or Shorts?
Source: TradePoint -
No fresh position this week. Just holding portfolio
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In last 15 min i bought sensex 75000pe. Will it work out tomorrow??
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Please clearly mention exact spot levels of gap which you are referring to
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Sir in RZone where can i find realtime point & figure scanner.....in video you have shown in tradepoint app
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