My Nifty Overview //Nifty Trend Analysis //ELLIOTT WAVE ANALYSIS
Atualizado
Look at the bigger picture.
It might be a 5-3-5 corrective pattern(ABC) or 3-3-3 corrective pattern (WXY).
If Nifty crosses 17135 recent swing high then it will be a buying opportunity in intraday basis. Targets of 17330
If Nifty crosses 16997 recent swing low then it will be a selling opportunity in intraday basis. Targets of 16800
Please do not take a trade just after the breakout wait for the price to reach its demand zone (for upside) to go long &
wait for the price to reach its supply zone (for downside) to go short.
This will ensure stop loss will be less and reward will be more.
It might be a 5-3-5 corrective pattern(ABC) or 3-3-3 corrective pattern (WXY).
If Nifty crosses 17135 recent swing high then it will be a buying opportunity in intraday basis. Targets of 17330
If Nifty crosses 16997 recent swing low then it will be a selling opportunity in intraday basis. Targets of 16800
Please do not take a trade just after the breakout wait for the price to reach its demand zone (for upside) to go long &
wait for the price to reach its supply zone (for downside) to go short.
This will ensure stop loss will be less and reward will be more.
Nota
Even the sub waves of sub waves of sub waves follow the same rules.Don't get tempted by the breakout Wait for a retracement always.
If the retracement doesn't come its not our trade.
Aviso legal
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