Wave Strategy Home Forums Trader’s Forum Can this be considered a H&S on the daily Nifty

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This topic contains 3 replies, has 2 voices, and was last updated by  Sham Bharwani 11 months, 1 week ago.

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  • #180573 Reply

    Sham Bharwani
    Participant

  • #180575 Reply

    Sham Bharwani
    Participant

    I don’t know if the volumes are correct on the chart, but it seems the formation is on extremely low volumes so may not be reliable.
    Plus there is +ve divergence on ROC

  • #180586 Reply
    Profile photo ofashishkyal
    Ashish Kyal, CMT

    The Left shoulder has to be below the Head which is not in this case.

  • #180592 Reply

    Sham Bharwani
    Participant

    OK, and the trendline is also broken

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