#Banknifty 4 Hour

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#Banknifty on 4 hour chart seems to be doing a double three combination, as I understand from the EW theories from several sources that


Double three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three.

It is possibly in last phase of its correction which seems to be triangle, any successful breakout would potentially invite upside targets as marked on the charts.
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How was this analysis,
Please do post your comments :)

snapshot
Note
Target done

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Trade fermée: cible de profit atteinte
Target done. Trade closed
BANKNIFTYElliott WaveelliotwaveanalysisTrend AnalysisWave Analysis

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