NIFTY correction is not simillar to S&P500 correction pattern.(ZIGZAG)
Here wave''B'' extended beyond start of wave''A'' which can turn into IRREGULAR or EXPANDED FLAT correction.
This is confirmed on friday's price action( Y>1.618 *W).
Expect a flat ''X'' wave for three days upto 17628 and take a short position on 6th OCT 21, to profit on short side when wave''Z'' unfolds .
Here wave''B'' extended beyond start of wave''A'' which can turn into IRREGULAR or EXPANDED FLAT correction.
This is confirmed on friday's price action( Y>1.618 *W).
Expect a flat ''X'' wave for three days upto 17628 and take a short position on 6th OCT 21, to profit on short side when wave''Z'' unfolds .
Trade ativo:
