Nifty Short Term View.
Things to Remember:
-->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash".
-->No one was correct/is correct or will be correct all the time.
-->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance.
-->With the same data / charts available there will be another analyst, he/she will be having other opinions.
-->So Trading is quite difficult.
-->So my plan here is to give my point of view and it will change with time accordingly.
-->Zoom in/out and keep the chart as comfortable as possible I have drawn as few lines as possible to make you understand
Nifty Short Term View:
-->What if 15200 is start of an impulse wave?:
-->From 15200 to 18100 level will be consider as an impulse wave(Green Eclipse) (itself having several sub waves in shorter time frames).
-->Practically after a wave 1 ,wave 2 will be a corrective wave and it can retrace back to any where near 38.2% to 100% of wave 1.
-->Wave 2 will be a corrective structure of 3 sub waves. (WXY) as shown in the chart.
-->Now W wave has 3 sub waves and structure is completed.
-->X wave is sort of forming a horizontal triangle
-->Price touching "d" and retracing back to 17300 level will complete this triangle pattern.
-->If the triangle pattern breaks down as shown in the figure and if next wave "Y" can have a same projection as "W" then can complete following structure as shown in the chart
-->This will indeed complete the wave 2 of larger time frame by coming inside 61.8% od wave 1.
-->What if Nifty gives closing above 17430 - 450 levels?
-->Better to cover all shorts and I will looks into my charts all over again!
-->In these volatility it's better to trade at the extremes with low SLs. Plan the trade Trade the plan
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
-->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash".
-->No one was correct/is correct or will be correct all the time.
-->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance.
-->With the same data / charts available there will be another analyst, he/she will be having other opinions.
-->So Trading is quite difficult.
-->So my plan here is to give my point of view and it will change with time accordingly.
-->Zoom in/out and keep the chart as comfortable as possible I have drawn as few lines as possible to make you understand
Nifty Short Term View:
-->What if 15200 is start of an impulse wave?:
-->From 15200 to 18100 level will be consider as an impulse wave(Green Eclipse) (itself having several sub waves in shorter time frames).
-->Practically after a wave 1 ,wave 2 will be a corrective wave and it can retrace back to any where near 38.2% to 100% of wave 1.
-->Wave 2 will be a corrective structure of 3 sub waves. (WXY) as shown in the chart.
-->Now W wave has 3 sub waves and structure is completed.
-->X wave is sort of forming a horizontal triangle
-->Price touching "d" and retracing back to 17300 level will complete this triangle pattern.
-->If the triangle pattern breaks down as shown in the figure and if next wave "Y" can have a same projection as "W" then can complete following structure as shown in the chart
-->This will indeed complete the wave 2 of larger time frame by coming inside 61.8% od wave 1.
-->What if Nifty gives closing above 17430 - 450 levels?
-->Better to cover all shorts and I will looks into my charts all over again!
-->In these volatility it's better to trade at the extremes with low SLs. Plan the trade Trade the plan
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.