nifty analysis
تم تحديثه
I am still sticking to the HOURLY analysis, which has become highly Interesting.
1. The chart IS, AS WAS POSTED YESTERDAY, however I have added 1 dimension marked by 4 PINK/RED ARROWS, which Represent ''abab"" coloured in blue ( minor waves) within this Larger corrective wave, wherein on the LEFT is the Fibbonachi for the UPMOVE and Right for the DOWNMOVE. At 17681 and 17584 are the 61.8 and 50% retrace of the Last fall/Rise from 17992.
1. There are 2 conditions to this upmove. we need to cross and sustain above 17777 on a daily closing basis for the upmove to continue.
2. At no point must Nifty close below 17584. Breaking below a 50% retrace and staying below it opens up the GATES for Nifty to go down towards 2 somewhere in the region of 16640-70 zone and remember this number is 100% EQUALITY ONLY, below this the Retracement can open up to bigger declines 116.5, 121.6, 150, 171.8% etc.
Now for the Upmove as was stated in the Last 2 days. As of now, I have very little to say to anyone who went short yesterday, neither do I have anything to say to anyone who carried Longs overnight today. The point is this, Market is positioned very precariously currently, and I can Only say what will happen based on Thursdays moves.
1. The chart IS, AS WAS POSTED YESTERDAY, however I have added 1 dimension marked by 4 PINK/RED ARROWS, which Represent ''abab"" coloured in blue ( minor waves) within this Larger corrective wave, wherein on the LEFT is the Fibbonachi for the UPMOVE and Right for the DOWNMOVE. At 17681 and 17584 are the 61.8 and 50% retrace of the Last fall/Rise from 17992.
1. There are 2 conditions to this upmove. we need to cross and sustain above 17777 on a daily closing basis for the upmove to continue.
2. At no point must Nifty close below 17584. Breaking below a 50% retrace and staying below it opens up the GATES for Nifty to go down towards 2 somewhere in the region of 16640-70 zone and remember this number is 100% EQUALITY ONLY, below this the Retracement can open up to bigger declines 116.5, 121.6, 150, 171.8% etc.
Now for the Upmove as was stated in the Last 2 days. As of now, I have very little to say to anyone who went short yesterday, neither do I have anything to say to anyone who carried Longs overnight today. The point is this, Market is positioned very precariously currently, and I can Only say what will happen based on Thursdays moves.
ملاحظة
My PERCEIVED Analysis of a possible HNS at higher levels STILL STANDSملاحظة
It seems to Me currently, we are setting up for a FALL..... But Let Me not jump the GUN yet. My hypothesis is based on a simple wave structure..... abab 2.... can also be marked as 12A..B...C/2( 5 waves subdivided structure...) which as I mentioned yesterday takes out the High of the Previous wave( Broke above the Highs of yesterday) and sets up for a Fall for C/2 to complete the Leg. DO NOT Get SUCKED IN. Play the game as it comes
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