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On a more serious note after some of today's trolling, here it goes.
A lot of people suggest that this "counter-trend" move that we´re in is the equivalent of one of the 3 points indicted by the purple arrows during the 2022 bear.
As you can see nowhere during that period never did the price break the downtrend, nor my indicator flashed the trend reversal signal with a Buy.
When it finally flashed in Jan 23, it was just before it broke the downtrend - now look at today, same thing, it flashed a Buy just before hitting and flipping the downtrend.
So as far as I´m concerned, we have gone through the bear market trend reversal process. Im not suggesting we go up-only from here, we can still do a macro retest of the trend like we did from 25k to 19.5k.
But overall, there´s no reason for me to doubt that we well underway for the next major expansion.
Lets go get them boyzzz.
Last #7Fridays' - #Nifty has risen only once and 6 times it has been Flat or bearish.
#Data Indicating #sidewaystobearish action. #customindicator #datanalysis #MomentumTrading
Show me any indicator that is better than this !
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