Out look of nifty 50,future develpment.
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Nifty 3rd of 3 rd wave is in progress.
Out of this nine weeks only we have one week red candle.
Unbracketted 3 rd wave is in progress now.
after the completion of this unbracketted 3 rd wave
we can get a pull back to complete unbracketted 4 th wave,
this unbracketted 4 th wave may be some what deeper correction
which may be more than 38.6 percent,like 50 percent or 61.8 percent of unbracketted
3 rd wave.then we should get up move in unbracketted 5 th wave to complete the bracketted 3 rd wave.
After that bracketted 4 th wave and 5 th will remain pending.
Shown in the chart course of development of waves in pending.
While reading it values in the Y axis should be disregarded as I don't know
where these waves will culminate in future.It is exactly difficult to predict where 3 rd wave ends. To be noted all impulse waves like 3,5 will have 5 subwaves and corrective one's will have 3 subwaves,
If this post helps you please like it.
Follow me to get updates.
Out of this nine weeks only we have one week red candle.
Unbracketted 3 rd wave is in progress now.
after the completion of this unbracketted 3 rd wave
we can get a pull back to complete unbracketted 4 th wave,
this unbracketted 4 th wave may be some what deeper correction
which may be more than 38.6 percent,like 50 percent or 61.8 percent of unbracketted
3 rd wave.then we should get up move in unbracketted 5 th wave to complete the bracketted 3 rd wave.
After that bracketted 4 th wave and 5 th will remain pending.
Shown in the chart course of development of waves in pending.
While reading it values in the Y axis should be disregarded as I don't know
where these waves will culminate in future.It is exactly difficult to predict where 3 rd wave ends. To be noted all impulse waves like 3,5 will have 5 subwaves and corrective one's will have 3 subwaves,
If this post helps you please like it.
Follow me to get updates.
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This is weekly chart and my study .This is no way any recommendation,
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consecutive two narrow range,It is ready for good move,normally I have seen afterttwo narrow range there is good move.Rarely three nr7 days occurre in indices.
No need to worry.Uptrend intact .No collapse on the way.Minor corrections are part of the upmove.
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4 th wave complex correction of 3 rd wave in progress.2 nd wave of 3 rd wave was simple.
the C wave of this 4 th wave should be 5 wave
not visible in hourly time frame,sudden deccline
from 21800 plus zone points to c wave.
expanded flat appears to be.
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2 minutes chart C wave.is the correction in C wave over?
Normally traders do avoid trading 4 th wave.
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4 days of rise of us 10yrs bond yield. now Nasdaq below 20 dma.ملاحظة
Rising 10 yrs bond yield in US market is drifting downequity market.
The move as market by arrow is not yet impulsive.
If nifty overlaps the lines shown by arrow in the nifty chart above .then
we have to reconsider whether the move was impulsive
or not.The move it self can be expanded flat .In that case further of nifty is possible.Will update.
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