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Ascending-Wedge, Reversal Incoming!

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OANDA:IN50USD   None
Hello

Welcome to this analysis about IN50USD, we are looking at daily timeframe perspectives. Nifty in recent times heavily increased with bullishness however it now moved into an overbought condition. Nifty is developing here that will be a decisive factor in the upcoming times. I discovered the main formation Nifty is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how Nifty has emerged with this key ascending-wedge-formation marked in my chart with the black boundaries. Nifty is near 17000 region which is an important resistance and also psychological resistance-mark together with the upper-boundary of the ascending-channel-formation a pullback


In this manner, thank you for watching my update-analysis about IN50USD and its major ascending-wedge-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!

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