Nifty 50 time frame 1 hr making rising wedge pattern that is bearish pattern . if price break down of support 3 level there should be a correction
There are many bearish indication 1- Price is on life time high resistance level 2- there is a rising wedge pattern ( Bearish sign) if price breakdown rising wedge pattern there we can see a correction.
Here you can see breakdown of rising wedge pattern but here we can also see a range which is in yellow box . if price stuck in this range then Rising wedge pattern breakdown should be fail.