BANKNIFTY: JUNE 17 PRE MARKET ANALYSIS
1. The market has been making higher highs and higher lows in the 15 MIN time frame, which is the lower time frame compared to the 1-hour time frame and most suitable for intraday
2. But the 1 hour and the 4-hour time frame price has shown a change of character from bullish to bearish, the trend is likely to be bearish in these time frames
3. So trade with caution, as soon as there is a change of character in the 15 min time frame bullish to bearish enter on pullbacks and you can see good trades
4. until there is a change of character in the 15min time frame you can bullish
5. The PDL and the PDH are the areas of high liquidity where Traps are most likely to occur, so focus on those areas for good trades
Have a Profitable Trading !
2. But the 1 hour and the 4-hour time frame price has shown a change of character from bullish to bearish, the trend is likely to be bearish in these time frames
3. So trade with caution, as soon as there is a change of character in the 15 min time frame bullish to bearish enter on pullbacks and you can see good trades
4. until there is a change of character in the 15min time frame you can bullish
5. The PDL and the PDH are the areas of high liquidity where Traps are most likely to occur, so focus on those areas for good trades
Have a Profitable Trading !
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