Here you can see the pitchfork tool applied, as u can see that Nifty has touched this pitchforks median line from below and taking a resistance from it. This is the final 5th wave resistance. For further more elaboration, here are two ways I applied this tool:
1. In this particular snapshot, I touched 3rd pivot of this tool on the 7th April 2nd lowest pivot on hourly TF.
2. And yesterday prediction was based on this same tool but the 3rd pivot of the tool was on 7 April lowest pivot means on 21742.
Thats why there is a slight difference between these two median lines from two different ways of applying.
As u can see nifty has taken support on this line multiple times and forming a wavy structure around it
1. In this particular snapshot, I touched 3rd pivot of this tool on the 7th April 2nd lowest pivot on hourly TF.
2. And yesterday prediction was based on this same tool but the 3rd pivot of the tool was on 7 April lowest pivot means on 21742.
Thats why there is a slight difference between these two median lines from two different ways of applying.
As u can see nifty has taken support on this line multiple times and forming a wavy structure around it
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.
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.