The Big Picture: “Sinking Triangle”Nifty 50 IndexNSE:NIFTYbhaskar_24Think of the price being squeezed into a corner. The Ceiling is Dropping: Every time the price tries to bounce, it stops at a lower point than before. This shows sellers are impatient and jumping in earlier. The Floor is Flat: Buyers are defending the 25420–25430 level, but they aren't pushing the price back up very far. 🐻 Why this usually means "Down" Pressure is building: Because the "ceiling" is getting lower, the price is running out of room. Weakening Floor: Imagine a hammer hitting a floor repeatedly. Eventually, the floor cracks. Since the price keeps testing 25420, that level is getting weaker. The Trend: Since the price was already falling from 26300, this triangle is likely just a "breather" before another drop. 🚦 What to Watch For The "Go" Signal: If the price closes firmly below 25420, it’s a sign to expect a bigger drop. 📉 The "Oops" Signal: If the price breaks above 25800, the bearish idea is wrong. This would mean buyers have regained control. 🚀 💡 Why it’s NOT a Bullish Triangle For a triangle to be bullish, the bottoms would need to be moving up (higher lows). In this chart, the bottoms are flat and the tops are moving down. That is a classic "Sellers are in charge" setup. Disclaimer : I am NOT a SEBI registered advisor nor a financial advisor. Any investments or trades I discuss on my blog are intended solely for educational purposes and do not represent specific financial, trading, or investment advice.