Here is Complete Bank Nifty Price Action Setups review for 16 October 2020
- Second pull back to ema long. None of the three candles closed below EMA. Good long.
- Wedge pullback at previous day high and big round number. Good short for both scalp and swing.
- Second ema pullback long. Lower high.
- Right shoulder of a possible head and shoulder pattern. Short.
- Double bottom bull flag. Low probability because of the weak bull candle. Long.
- Breakout pullback of a bear flag. First pull back in a strong trend. Inside candle so continuation. Short.
- Breakout pullback from day low. Strong bear move. Inside Candle. Good short.
- Three inside the candle and then an outside candle. Short.
- Short setup.