SBI Counter Trend Trade : An Analysis

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Markets always has tendency to fill gap zones.

If you draw fib extensions / retracements on previous few swings , every 1.618 extension ends up in our marked zone

1618 is more valid ratio & we can expect market to move up after reaching the zone.

ABCD pattern completion also in same zone.

This is 4h chart of SBIN so will take time to complete, just keep it your radar

Happy Trading !
Ghi chú
I hope you guys got in this trade..
Ghi chú
Exited half of my positions and whatever comes after this is certainly extra :)
abcpatternconfluencecountertrendgapupNIFTYnifty50SBIsbin

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