This is a clear Sharp Zigzag pattern. The price already reached 0.618 for wave ((Y)).
The trader can get a High probability chance for short selling tomorrow with a very small protective stop.
Supports
The Short Seller can use these supports level as the target. I am expecting a Nifty future between these both supports.
Definitely, if I found any clue for a turning point in the nifty future in the range of 17810-17650. I will create a long position for a new high.
((Y)) = ((W)) at 18711 which is still too far and, as per the time-cycle C2 can be after 12th march, 2022.
The trader can get a High probability chance for short selling tomorrow with a very small protective stop.
Supports
- S1- 17810
- S2- 17650
The Short Seller can use these supports level as the target. I am expecting a Nifty future between these both supports.
Definitely, if I found any clue for a turning point in the nifty future in the range of 17810-17650. I will create a long position for a new high.
((Y)) = ((W)) at 18711 which is still too far and, as per the time-cycle C2 can be after 12th march, 2022.
Note
Note
We are near the target - 17650Note
As per TimeCycle, Bottom is out today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.