Nifty uptrend..or trap?
A,B,C waves of the up move has been completed with C wave being ending diogonal.
The up move has started.whole of the C wave is likely to be retraced then traget comes to
24426.I need 3 to 4 updates to complete this analysis as superimposing in a single chart will
be confusing.after completion of ending diogonal nifty has touched target 1 and target 2 is pending whuch is 24426 wave 2 of ending diogonal.Up to target 1 nifty seems to be completed wave 1 and this two days retracements seems to be wave 2 which is 23.6 percent retracement
of wave 1.this will be shown in hourly chart updates.In rare bull cases wave 2 retraces only 23.6 percent of wave 1.Normally it retraces 50 to 61.8 percent of wave 1.In 30 minutes time frame
whuch will be shown again in another update A,B,C seems to be completed provides another complex correction does not succeeds it.fibonnacci time zone predicts major move tomorrow
which happens to be rbi rate decision also.
so question here after completion of ABC up move will start or it will be a complex corrction.If this post helps you like this post and follow me to get updates.
The up move has started.whole of the C wave is likely to be retraced then traget comes to
24426.I need 3 to 4 updates to complete this analysis as superimposing in a single chart will
be confusing.after completion of ending diogonal nifty has touched target 1 and target 2 is pending whuch is 24426 wave 2 of ending diogonal.Up to target 1 nifty seems to be completed wave 1 and this two days retracements seems to be wave 2 which is 23.6 percent retracement
of wave 1.this will be shown in hourly chart updates.In rare bull cases wave 2 retraces only 23.6 percent of wave 1.Normally it retraces 50 to 61.8 percent of wave 1.In 30 minutes time frame
whuch will be shown again in another update A,B,C seems to be completed provides another complex correction does not succeeds it.fibonnacci time zone predicts major move tomorrow
which happens to be rbi rate decision also.
so question here after completion of ABC up move will start or it will be a complex corrction.If this post helps you like this post and follow me to get updates.
עסקה פעילה
הערה
same chart for clarityהערה
not allowing more up dates.allowing to post the trade status.הערה
I need to post hourly and 30 minutes chart to show what is happening.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.