After nice fall we are at important point. Where we have channel support, Fibonacci support and structure support too... which makes marked price levels important. Traders need to be alert near such supports.
In earlier analysis of nifty i shared dates on which we can see trend reversals (short/long term) , 2 dates mentioned in the analysis didn't worked but current fall started from third date. Following was shared in previous analysis.
For daily trend following dates are important, price reversals are expected around these dates.
6/7/2017 and 7/7/2017
20/7/2017 and 21/7/2017
31/7/2017 and 1/8/2017
From today following dates may play important role in price trend.
11/8/2017 and 15/8/2017
23/8/2017 and 24/8/2017
1/9/2017 and 4/9/2017
Traders who follow my analysis my get benefited due to this time analysis. Traders keep one thing in mind don't trade according to these dates, these dates are helping hand, use your own trading plan + my time analysis.
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