Short Term Trendline Broken

Move like today is the specific reason, why i give lots of importance to multitimeframe charts,because using them only we can identify turning points like this.a few days ago, i had shown a possibility of a TOP head&shoulder pattern may be developing...now this MAY BE,,was because of other pssibility of a channeled move....and a major fundamental event like budget, from a FREE HAND government + strenth of weekly charts of some major pivotals, gave a hint

that a new bull phase also possible.

now,one must understand that as a technical analyst i must keep all possibilities open.as so many times markets is clever enough to prove everybody a fool.
so,with some strenth in weekly charts and possibility of hns pattern,i was here first to find out

weakness in daily charts..which was possible only at the end of the day.here intraday charts came handy. yesterday i had posted an intraday chart of one indice ,saying that the lower trendline was crucial to held...if the current rally is to continue.

i found yesterdays last hour selling dangerous, so i gave a premarket call to my clients to book full profit,,as we were holding nifty.

than at around 4265 my system generated a sell call in nifty,,and at around 1 pm at 4243,i posted here a chart with live data...saying we are at crucial level.which was ultimately broken

with heavy selling,throughout.

there are DOUBLE TOPS and TRIPPLE TOPS in some pivotals...with topping candle pattern like evening star in indices and possibility of a hns pattern...i think as on today,,market is trying to say that it knows abt the budget.

Sustained move above 4238 and a close above 4350 again can only falter the bearish scenario.