BANKNIFTY--Inverse Head & Sholuder??

4 lut

BANKNIFTY INDEX is created a Demand zone at 45450-45220 zone.
If this zone again push the price upside, leads to creates an Right shoulder..
then will observe a inverse Head and shoulders will clearly seen if the same is happens from this demand zone.

on topside(Neckline) at 46500-46700 zone is pushing the price downside, continuously.
previous support is now acting as a resistance on the topside, as I already explained.

so, now we have 2 possibilities::
Long:: Enter long when price comes to Demand Zone.
(Or)
If price consolidates between the neckline and old support level,
then we have a chance of continuation upside.

If price failed to create a right shoulder or demand zone fails to push the price upside, then
we have short plan, when price consolidates between the head and Demand Zone.
then a liquidity grab will be finished on bottom side and price is likely to test the strong demand zones at 43600 levels.
will go for short side below demand zones...

4 lut

Uwaga

we have a trendline liquidity as well near the demand zone and right shoulder.
keep safe from here before long or short side.

4 lut

Uwaga

5 lut

Uwaga

5 lut

Uwaga

liquidity grab below the 45500 and then bullish may be, but keep in long side only...
retest of trendline might be observed...then will see bullish continuation or bearish

5 lut

Uwaga

price breaks the channel again then retest sell.

5 lut

Uwaga

its a long trap....don't go for long

5 lut

Uwaga

wait for the channel break and retest

5 lut

Uwaga

Breakout or breakdown

5 lut

Uwaga

there are some moves....there is a bear trap as well keep Sl

5 lut

Uwaga

safe traders exit with 1:1

5 lut

Uwaga

close the remaning at cost to cost or 1:2
there might be some consolidation here....

5 lut

Uwaga

If price closes at 46300 levels buy puts.....

5 lut

Uwaga

Book some here.....

6 lut

Uwaga

price comes to the right shoulder area...keep safe.

6 lut

Uwaga

Lets wait for tomorrow ...