Why we have seen 646 (13777-13131=646) points down move in Nifty in a single day. The reason was, from 12730 market moved to 13777 which was 61.8% in fib level for 3rd wave. Since 2nd wave was flat, the 4th wave was impulsive. So we have touched 61.8% and bounced back for 5th wave move.
what happens to 3rd wave, if 1st wave gets extended. You have to learn this.
What happens to 4th wave, if 2nd wave gets impulsive move. Do the backtest and learn.
What happens to 4th wave, if 2nd wave gets flat move. Do the backtest and learn.
Happy learning.
what happens to 3rd wave, if 1st wave gets extended. You have to learn this.
What happens to 4th wave, if 2nd wave gets impulsive move. Do the backtest and learn.
What happens to 4th wave, if 2nd wave gets flat move. Do the backtest and learn.
Happy learning.
