Hello Traders,
NIFTY50 walked through the door and declined today to 17291 (intraday low) and close the day @ 17332. This was inline with my forecast!
At today's low, waves (c)=(a)! So, in rare cases it should be, that today the decline has ended. But this is not my No. 1 count.
We will be focused on the „double-flat“ idea, and this one has the potential target at or around the 17265 or 17259 range. The latter one implicate equality of waves c=a!
So, any attempt of trading long should be stayed at sideline, as long as not a kind of bottom-formation has been seen at chart.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 walked through the door and declined today to 17291 (intraday low) and close the day @ 17332. This was inline with my forecast!
At today's low, waves (c)=(a)! So, in rare cases it should be, that today the decline has ended. But this is not my No. 1 count.
We will be focused on the „double-flat“ idea, and this one has the potential target at or around the 17265 or 17259 range. The latter one implicate equality of waves c=a!
So, any attempt of trading long should be stayed at sideline, as long as not a kind of bottom-formation has been seen at chart.
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!