A fractal is a never-ending pattern repeating a simple process or pattern over and over again at the same degree or higher degree.
7th Oct 2021
Smaller Triangle or Penultimate Wave was seen & published on 7th Oct 2021- "Can Bulls Bounce Back? - The Irregular Triangle"
Can that fractal repeat again? Yes. The Answer is certainly positive because as nature is full of fractals like seashells / clouds / trees etc. In market, chart patterns can repeat.
This is a bigger fractal if unfolds holding above 16800 then Bulls can bounce back again.
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Possible Reasons for Bounce
-----------------------------------------
200 DEMA (High) Support
Centre Line Reversal Method
Double Bottom
-----------------------------------------
Targets Expected
-----------------------------------------
17795
18350 +
Note - Idea not Valid Below 16785 - 16800 zone
"Nifty Bulls have 60% chances / Bears have 40% chances at crucial juncture of 16800 but traders have 100 % chances if you plan your trades carefully. Going below 16800..."
7th Oct 2021
Smaller Triangle or Penultimate Wave was seen & published on 7th Oct 2021- "Can Bulls Bounce Back? - The Irregular Triangle"
Can that fractal repeat again? Yes. The Answer is certainly positive because as nature is full of fractals like seashells / clouds / trees etc. In market, chart patterns can repeat.
This is a bigger fractal if unfolds holding above 16800 then Bulls can bounce back again.
-----------------------------------------
Possible Reasons for Bounce
-----------------------------------------
200 DEMA (High) Support
Centre Line Reversal Method
Double Bottom
-----------------------------------------
Targets Expected
-----------------------------------------
17795
18350 +
Note - Idea not Valid Below 16785 - 16800 zone
"Nifty Bulls have 60% chances / Bears have 40% chances at crucial juncture of 16800 but traders have 100 % chances if you plan your trades carefully. Going below 16800..."
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)