NIFTY50.....Dancing on razor's edge!Nifty 50 IndexNSE_DLY:NIFTYruebennaseHello Traders, the NIFTY50 is dancing on the edge of a cliff! It has penetrade the lower boundary of the wedge and it has bounced back to the underside of the FVG on Friday session. At the bearish case this could be the start of more weakness to come for the next one or two weeks. A break of the low on Wednesday 2nd @23787 on a closing price will open the door for more weakness as before. One day after the September 2nd low it close the open gap create by the session on Tuesday 1st and September 2nd. The very next day it creates a long wick at the candle and the chance is given that this „low volume“ area will be filled with volume on Monday. After we have seen a „BoS“, completed on Septemebr 1st markets more often than not tend to move back to the area they broke the structure and after they break to the donwside (in this case) again. If so to come, a „ChoCh“ would be in the cards. „ChoCh“ (Change of character) means that a change of trend is established! While a „BoS“ (Break of structure) means a change of trend could be possible! Again! The bears need to watch the low as of September 2nd, while this would open the door for a sharp and strong decline for the coming 1-2 weeks. A rise to the area of the „Order-blog“ (note the 50% area→dashed line) could be possible, but that would not be a bullish sign! Keep that in mind. Just a break of the high of August 26 @ 24280 (closing price) will make the structure more bullish! So traders, you are well prepaired for the coming sessions. At the coming two weeks (September 13-21) there will be no update because of holiday! Have a great time...... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk