Nifty Medium Term

Nifty Medium Term: A lot of people called the breakout above the yellow line a bullish signal and are now calling it a false breakout. But I drew the blue lines and there was no breakout on my chart. What is the difference? just a little bad experience of having done that in 2001. My Direcetor then told me that everyone had that level as the big players too had a technician with them so the level would get taken out before my view worked. It happened for a day that we closed above that mark, I gave up waiting for another signal. In hindsight I was able to then see the blue line pattern of all the highs that had formed that was not surpassed, 18 years ago. Is the same repeating? So far it has. That the blue lines also coincide with the 61.8% mark at 11095 was another kick. The left shoulder topped at 11171, so we were close. how much can you really fine tune the move beyond a point, and should you?