Decoding the Mystery Behind Dec 20 Fall - Part 3
3. Nifty Small Cap 100 - 3rd highest fall today - 3.63%
Monthly - Upward Parallel Channel BO + Cup & Handle BO confirmed at Monthly as of Nov
Weekly - The Customary BO Retest process in progress. Today's fall has formed a Bearish Engulfing Candle, but only by weekly close we can confirm if it is still an Engulfing Candle or a smaller one with a wick at bottom.
Folks in IT / Agile process would use the term "Definition of Done.....which says "Anything is not Done until its fully complete" - So wait for the weekly close to derive the real story
Monthly - Upward Parallel Channel BO + Cup & Handle BO confirmed at Monthly as of Nov
Weekly - The Customary BO Retest process in progress. Today's fall has formed a Bearish Engulfing Candle, but only by weekly close we can confirm if it is still an Engulfing Candle or a smaller one with a wick at bottom.
Folks in IT / Agile process would use the term "Definition of Done.....which says "Anything is not Done until its fully complete" - So wait for the weekly close to derive the real story
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