Today, Nifty seen a gap down opening, however, sell-off encountered near 78.6 Fibonacci Retracement[ 7710] of its previous rally from 7539 to 8336 levels and recovery rally was seen.
Nifty closed near Day's High, forming Bullish Engulfing Candle, which engulfed entire previous Doji candle.
According to hourly harmonics, Nifty reversed from shark prz area.( as discussed in the previous review)
Considering the above Technicals, a question arisen, Is short bottom is made?
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