Hello Traders,
after the closing bell for NIFTY50 is time for an update!
I have optimized the chart (in my view..;-) and I do think that the ATH @ 10114.85 is Wave 3 (micro) of v of 3 (circle). The RSI (14; close) jumped to a record high at 85.3 Points, which favour a Wave 3 high. Now a Wave b of c within a ZigZag is on the move as I think. The targets are on the chart, while the minimum to decline for a Wave c is @ 9965.07! A common target within a ZigZag is that Wave c equals Wave a which would be the case @ 9911.65!
So let`s see what to come in the next tradingsession.
Have agreat day
rubennase
Questions and comments are very welcome...
Disclaimer*
All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Later that day I will update EUR/USD....
after the closing bell for NIFTY50 is time for an update!
I have optimized the chart (in my view..;-) and I do think that the ATH @ 10114.85 is Wave 3 (micro) of v of 3 (circle). The RSI (14; close) jumped to a record high at 85.3 Points, which favour a Wave 3 high. Now a Wave b of c within a ZigZag is on the move as I think. The targets are on the chart, while the minimum to decline for a Wave c is @ 9965.07! A common target within a ZigZag is that Wave c equals Wave a which would be the case @ 9911.65!
So let`s see what to come in the next tradingsession.
Have agreat day
rubennase
Questions and comments are very welcome...
Disclaimer*
All ideas published here involve risk and does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Later that day I will update EUR/USD....