Long
Long
Long
Long
Short
Short
Bitcoin may fall to 58000 againCOINBASE:BTCUSD
Namaskaram Everyone
Why is very important, why i am giving you a sell here.
so here is my reasons.
# As per neowave Market finished a major bullish trend at the top 1,26,296.
Retraced 61 percent from there.
# Now we are seeing a price jump from this 61 percent which is 60,000 price area.
But market is only given a price wise fall here , still there is some space for consolidation a time wise correction
# Major resistance area is 98,000 , no doubt about it. But if this is going to be an diagonal than price must retrace from current area in form of ((D)) and ((E)) leg.
# if this happen than we have a great risk to reward ration of 10 times and if we do compounding than more.
# Now why price must behave this way, honestly price can behave any number of ways but this way we a good risk reward ratio so we are givng a trade suggestion here.
I dont post regulary updates about instrument, but i have found a new approch to neowave and its easy to code and update. so if you are interested in Neowave Trades , keep following us.
and if you have any query related to anything , you can leave comment here.
Thank You.
Thank You. 
Short
Gift Nifty Wave Structure Day time Frame📊 GIFT Nifty Elliott Wave Structural Details
Minor Degree Wave A: Formed and completed in Red Colour.Minor Degree
Wave B Completion Structure:
Wave B develops internally as a Minuette Degree abc structure in Black Colour.
The internal wave c of this black structure forms an Ending Diagonal (Wedge).
The termination of this internal wave c officially completes the entire Minor Degree Wave B.
The Motive Impulse Breakout: A powerful impulse wave breaks out of the Ending Diagonal Wedge, which is labeled as the first sub-wave of the next trend:
Wave C Anticipation?
Minuette Degree Wave ((i)).The Blue Correction Phase: This Minuette Wave ((i)) then undergoes a counter-trend correction, developing as an abc Minuette Degree correction in Blue Colour.
The completion of this blue correction marks the end of Minuette Degree Wave ((ii)).
The Next Impulsive Blast: With the blue corrective phase ((ii)) successfully printing its bottom, the market structure sets the stage for an explosive, highly vertical sequence through Waves ((iii)), ((iv)), and ((v)).
This macro sequence will ultimately complete the larger Minor Degree Wave C.
⚠️ EDUCATIONAL DISCLAIMER & STRUCTURAL VALIDATION NOTEFor Educational Purposes Only:
This Elliott Wave analysis, structural breakdown (Minor, Minuette, and Sub-Minuette degree counts), and color-coded mapping are compiled strictly for educational and analytical purposes. It does not constitute, under any circumstances, direct financial, investment, or trading advice. Index derivatives (Futures and Options) involve extreme leverage, high volatility, and the risk of total capital loss. Any trading execution based on this structure is carried out at the user's independent discretion. Structural Validation Level Analysis (22,248.8):
In Elliott Wave Theory, rules are absolute. The horizontal price level marked at 22,248.8 serves as the line in the sand for the entire macro bullish projection. While above: As long as the market strictly holds above 22,248.8, the structure remains perfectly intact. The completion of the black ending diagonal (wave c of B) followed by the blue wave ((ii)) correction is mathematically valid, keeping the multi-month target toward the 26,200+ Target Area active.If Breached: If a daily candle closes below 22,248.8, the entire structural count is instantly invalidated. A breach means the underlying market structure has shifted, signaling that the corrective phase is not over and preventing any aggressive long configurations from being executed under this specific setup. 
Long
Trading Secret - Entry Profit Planning''A good trade can become a bad trade simply because of where you enter. The problem is that direction alone does not make a good trade. Entry price matters too.''
1. The Same Idea Can Produce Two Very Different Trades
Imagine your BTC plan says the ideal entry is around 76,726, but price suddenly starts moving and you chase it around 77,236.
The market direction has not changed. Your analysis may still be correct. But your trade has changed.
You are now paying a higher price, your Stop Loss may need more room, and the distance to your target has become smaller. In other words, your risk-to-reward just got worse before the trade even started.
That is why I prefer to define the entry before the move happens.
2. Plan the Price Before Emotion Arrives
Before entering, I want three levels clear:
Entry: Where does the setup actually become attractive?
Invalidation: Where is the idea clearly wrong?
Target: Where is the next logical area to take profit?
Once those levels are defined, I do not need to make decisions while a large green candle is moving.
For example:
Planned Entry → 76,700
Stop → 75,900
Target → 79,500
Now the trade can be evaluated before execution. If price runs away without giving the entry, I simply miss the trade.
Missing a trade is usually cheaper than chasing one.
3. A Better Price Improves More Than Profit
A planned entry can improve the trade in several ways. You may get a tighter logical stop, better risk-to-reward and less emotional pressure after entering.
This is why experienced traders often wait for:
Pullbacks, retests, support reactions or limit-entry zones
instead of buying after an explosive candle.
The goal is not to find the absolute lowest price. The goal is to enter where risk and potential reward make sense together.
4. When I Refuse to Chase
If price has already moved far beyond my planned area, I ask one question:
“Would I still take this trade if I had not seen the previous move?”
If the answer is no, I leave it.
There will always be another BTC breakout, another Gold pullback and another Forex setup.
Good trading is not about participating in every move. It is about participating when the price is good enough for the risk you are taking.
The Simple Rule
My execution process is:
Plan the Entry → Define the Stop → Check Risk/Reward → Execute → Do Not Chase
Sometimes a limit order will never be filled. That is normal.
The purpose of entry planning is not to guarantee a trade. It is to prevent FOMO from turning a good analysis into a poor execution.
A profitable idea still needs a good price. Education 
Education
XAUUSD — Bullish Wave Structure Toward 4,490
From Kelly’s view, gold is rebuilding a bullish structure after breaking away from the previous descending trendline. Price is trading around 4,391, and the recent recovery suggests buyers are trying to establish a new impulsive sequence toward the upper Fibonacci resistance zones.
The key idea is simple: the main trend may stay bullish while price continues to form higher lows, with 4,405–4,415 acting as the first important resistance test before a potential expansion toward 4,459 and the 4,488–4,497 area.
⟡ Market structure
Gold has recovered strongly from the 4,240–4,260 swing-low area and is now trading above the former descending trendline.
The short-term structure has shifted toward higher lows, while the projected Elliott Wave path suggests another bullish impulse may be developing.
The first obstacle is the Fibonacci resistance zone around 4,405–4,415. If buyers can absorb selling pressure here, price could continue toward 4,433 and 4,459.
Above that, the major resistance and projected Wave (5) completion zone sits around 4,488–4,497, close to the 2.618 Fibonacci extension.
➤ Key levels
◌ Current price area: 4,390–4,395
◌ Main bullish retest zone: 4,375–4,390
◌ Strong support: 4,335–4,350
◌ First resistance: 4,405–4,415
◌ Key resistance: 4,433
◌ First target: 4,459
◌ Main target: 4,488–4,497
◌ Invalidation: Below 4,335
⌁ Elliott Wave view
Wave (1): The current recovery may extend toward the 4,405–4,415 resistance area.
Wave (2): A controlled pullback toward approximately 4,375–4,390 could follow if buyers take profit near resistance.
Wave (3): If the pullback holds and bullish confirmation appears, the stronger expansion could target 4,459.
Wave (4): Price may then consolidate or retrace toward the 4,430–4,440 area.
Wave (5): The final bullish leg could extend toward 4,488–4,497, where the major Fibonacci resistance and projected Wave (5) target overlap.
▸ Trading scenario
Preferred bullish scenario
Entry: 4,375–4,390 after bullish confirmation
Stop Loss: Below 4,335
Take Profit 1: 4,410–4,415
Take Profit 2: 4,459
Take Profit 3: 4,488–4,497
The cleaner plan is to wait for buyers to defend the projected Wave (2) retracement area rather than chase price directly into Fibonacci resistance.
Alternative scenario:
If gold breaks and holds above 4,415 without a deeper pullback, a confirmed retest of this zone could support continuation toward 4,433–4,459.
◌ Invalidation
The bullish structure would weaken if price loses the 4,335–4,350 support area and begins trading back below the recent higher-low structure. A sustained break below 4,335 would invalidate the preferred bullish wave sequence.
⌁ Kelly’s view
Kelly’s main view remains bullish while gold continues to defend its higher-low structure above 4,335–4,350.
The immediate test is 4,405–4,415. If buyers can break and hold above this Fibonacci resistance, the next wave may open the way toward 4,459, followed by the larger 4,488–4,497 Wave (5) target.
Do you think gold will complete this bullish wave structure toward 4,490, or retest the key support zone first? 
Long
Brent Crude started to roll over - is this a final top?Brent achieved a little over 78.6% retracement of the previous fall from the war peak in oil prices. Recently, I published an ED pattern on Brent that shows a possible top. Brent has the same pattern on the hourly chart, and it has broken down. On the daily chart, this ED is wave 5 of C, which means that this move higher in Oil could technically be coming to an end. The chart below is a daily chart on an arithmetic scale. On this scale, it is also near the top end of a rising channel. At this level, sentiment was 91% bullish, which has now fallen back a bit with prices. Logically, if the wave count is correct, oil prices should slowly keep easing from here for months to come. Similar to what happened after June 2022, when the Russia-Ukraine war was in its 6th month. 
Short
YATHARTH — ELLIOTT WAVE IMPULSE SETUPYatharth Hospital and Trauma Care Services Ltd ( NSE:YATHARTH ) — Elliott Wave Impulse Setup
Bias: Bullish
Timeframe: Daily
CMP: ₹1,072.4 (+9.17%)
Wave Structure:
Price is tracing a larger-degree impulse from the origin (O):
Wave (I) topped near ₹680
Wave (II) corrected down to ~₹340, respecting the O–II support trendline
Wave 1 (of III) rallied to ~₹985
Wave 2 pulled back to ~₹540, holding the lower boundary of the rising wedge
Price has now broken above the upper trendline resistance (~₹950–1000), signaling a potential Wave 3 in progress
Key Levels:
Stop Loss: ₹610 (tighter, trailing stop just below recent structure)
Invalidation: ₹538 (below the Wave 2 low — a close below this negates the entire bullish count)
Expected Target Zone: ₹1,600 – ₹2,200 (Wave 3 extension zone)
Thesis:
The breakout above the wedge resistance, backed by strong volume/momentum, supports the idea that Wave 3 — typically the most extended and powerful wave — is now unfolding. The two-tier risk framework (stop loss vs. hard invalidation) lets you manage the trade actively while keeping the broader bullish structure intact unless ₹538 is breached on a closing basis.
Risk Note:
This is a subjective wave count, not a guarantee. If price closes below ₹610, tighten risk management; a close below ₹538 fully invalidates this bullish scenario and the count should be reassessed.
Disclaimer: For educational purposes only, not investment advice. Elliott Wave counts are subjective and can be invalidated. Trade at your own risk — consult a SEBI-registered advisor before investing. XAU/USD - Buyer Reclaim, Next Breakout WaveOANDA:XAUUSD is reacting from the 4,250–4,310 buy zone, but price is still trapped below the long descending trendline and beneath the Ichimoku structure. This keeps the broader pressure bearish, while the current setup remains a conditional recovery trade.
If buyers continue to defend the zone and Gold breaks and holds above the descending trendline, I’m watching:
🎯 Target: 4,500
Macro Market: The Fed has now raised rates and signaled that further tightening remains possible. The decision pushed the US Dollar and Treasury yields higher, creating a clear headwind for non-yielding Gold. This means any bullish recovery still needs strong technical confirmation rather than simply buying support.
A sustained H2 move below 4,250 would weaken the recovery setup.
AURICVERSE View: the buy zone is holding, but buyers still have one major job — break the descending trendline. If they do, 4,500 comes back into focus. Long 
Long
S&P 500: Fed Speaks, Chart Hits 0.618The Fed just blinked hawkish — and the market moved almost exactly where the chart said it might.
On September 16, the US Fed raised rates by 25 bps — the first hike in three years. The move itself was already priced in (92% odds going in). What actually shook the market was two words from Fed Chair Kevin Warsh: he said policy needs to support a "timelier return" to the 2% inflation goal. Markets read that as "more hikes are coming, and soon" — and that's what sent the Dow down 630+ points and dragged the S&P 500 lower with it.
Here's where it gets interesting for chart readers: the S&P didn't just fall — it fell and stopped almost exactly at the 0.618 Fibonacci retracement (7,505.98) of the entire rally from the May low. 0.618 is called the "Golden Ratio" for a reason — it shows up everywhere in nature, and in markets it's the most-watched retracement level of all. So many traders have orders sitting near it that it often becomes a self-fulfilling floor or ceiling. That's exactly what played out here.
The wave count on the chart
Zooming out, here's the structure I'm tracking:
Wave (I) → (II) : The May–August move up (I) got corrected by an a-b-c "Running Flat." . Two tells confirm this: wave (b) made a slightly higher high than wave (I), and wave (c) barely dipped below wave (a)'s low before buyers stepped back in. A shallow, reluctant wave (c) is a classic sign the bigger trend is still up — running flats usually show up right before a strong wave 3.
Wave (1) → (2) : After (II) bottomed near 7,313.92, price rallied to 7,816.70 (wave 1), then pulled back — and that pullback is exactly the move the Fed news triggered, landing right on the 0.618 line at 7,505.98.
Why this level matters
7,313.92 (the wave II low) is the line in the sand. As long as price holds above it, this bullish count stays valid. A daily close below it would mean this labeling needs a rethink.
If the count holds
Using the wave (II)-low-to-wave (2)-low as the base of a trend channel, and projecting a simple 1x extension of wave (1) from the wave (2) low, the first target zone lines up around 8,010. Third waves often run further than 1x — so if this move has real strength, a stretch target near 8,300 (1.618x) isn't out of the question either. These are reference zones to watch, not predictions of exact outcomes — wave 3 needs to actually break above 7,816.70 with strong, clean structure before this becomes more than a scenario.
Bottom line
Macro (hawkish Fed) and technicals (Golden Ratio holding, running flat completing) lined up perfectly this week. The structure stays bullish above 7,313.92. Above 7,816.70 with strength would be the next confirmation to watch for.
Disclaimer:
I am not a SEBI registered research analyst. This post is shared only for education and learning purposes, based on my personal reading of the chart. It is not a buy or sell recommendation. Please do your own research or speak to a registered advisor before taking any trading decision. 
Long
NIFTY : Guard for 18-Sep-2026 Price action15-Min Chart | Price Action • Opening Scenarios • Key Levels
Previous Close: 23,294.70
KEY LEVELS
🔴 23,436 — Last Intraday Resistance
🟠 23,320 — Opening Resistance / Support
🟢 23,169–23,190 — Opening / Last Intraday Support
🟢 22,939–22,979 — Buyer’s Support / Consolidation
🎯 23,574–23,634 — Profit Booking / Consolidation Zone
TRADING IDEA: Let the first 15–30 minutes establish direction. Trade the confirmation, not the prediction.
📈 GAP UP — 100+ POINTS
Opening above approximately 23,395 .
If price sustains above 23,436 → bullish continuation can target 23,500 → 23,574–23,634 .
If 23,436 rejects → watch 23,320 first, followed by 23,169–23,190 .
Action: Don't chase the gap. Wait for breakout/retest or clear rejection.
⚖️ FLAT / MODERATE OPENING
Opening roughly between 23,195–23,395 .
Above 23,320 + acceptance → watch 23,436 .
Above 23,436 + sustained breakout → 23,500 → 23,574–23,634 .
Below 23,320 → 23,250 → 23,169–23,190 .
Action: 23,320 is the immediate battlefield. Avoid trades inside a choppy range.
📉 GAP DOWN — 100+ POINTS
Opening below approximately 23,195 .
If 23,169–23,190 holds and bullish reversal confirms → 23,250 → 23,320 .
If 23,169 breaks with sustained selling → watch 22,939–22,979 .
Action: Don't blindly buy the dip. Let support prove itself first.
⚡ QUICK OPTION TRADING RULES
• Trade the NIFTY level first, option premium second .
• Avoid chasing the first 15-minute candle.
• Define SL before entry .
• Keep position size small enough that one SL doesn't damage your capital.
• Never average a losing option blindly.
• Sideways NIFTY + option buying = possible time-decay trap .
• Prefer confirmation + defined risk over prediction.
• Maximum 2–3 quality trades , not unlimited attempts.
📌 SUMMARY
Above 23,436 → watch for bullish continuation.
23,320–23,436 → decision/consolidation zone.
Below 23,320 → weakness toward 23,169–23,190.
Below 23,169 → 22,939–22,979 becomes important.
23,574–23,634 → profit-booking/consolidation zone.
CONCLUSION
Don't predict the opening — prepare for it.
Wait for price to confirm the level, manage risk mechanically, and let the market decide the direction.
DISCLAIMER
This trading plan is for educational and informational purposes only . I am not a SEBI registered analyst . This is not investment advice or a recommendation to buy or sell any security.
Trading in futures and options involves substantial risk. Please conduct your own research and consult a SEBI-registered investment professional before taking any trading decision.
Trade the setup. Respect the SL. Protect the capital.
Short
XAUUSD — Bullish Recovery Toward 4,410Gold is showing a bullish recovery after reacting strongly from the lower liquidity area. From Kelly’s view, the chart suggests that XAUUSD may be forming a new upside Elliott Wave structure after breaking out from the lower side of the previous bearish channel.
The key idea is simple: if gold continues to hold above the Buy zone liquidity, the recovery structure can continue toward the next resistance levels.
⟡ Market structure
Gold is currently trading around 4,310–4,318, after bouncing from the Buy zone liquidity near 4,275–4,290. This reaction shows that buyers are trying to defend the lower support area and build a new bullish base.
The first resistance to watch is around 4,340–4,355, marked as the short-term sell scalping area. If gold breaks above this zone, the next important level is the strong resistance near 4,367.
A clean move above 4,367 would strengthen the bullish structure and open the way toward the 4,405–4,415 Resistance done wave 5 zone. If momentum continues, the larger upside target remains near 4,485–4,500.
➤ Key levels
◌ Current price area: 4,310–4,318
◌ Buy zone liquidity: 4,275–4,290
◌ Short-term resistance: 4,340–4,355
◌ Strong resistance: 4,367
◌ Main wave 5 target: 4,405–4,415
◌ Extended bullish target: 4,485–4,500
◌ Bullish invalidation: below 4,255
⌁ Elliott Wave view
The chart shows a possible bullish Elliott Wave recovery.
Wave (1) may have started from the lower liquidity area and pushed price toward 4,317.
Wave (2) may have completed after the retest near 4,275–4,290.
If this buy zone holds, wave (3) may continue toward 4,340–4,355 and 4,367.
Wave (4) could create a short pullback after testing resistance.
Wave (5) may then extend toward 4,405–4,415.
If buyers remain strong above that area, gold may later attempt the larger resistance zone around 4,485–4,500.
▸ Trading scenario
Preferred bullish scenario
Entry: Buy around 4,275–4,290 if price gives bullish confirmation from the liquidity zone
Stop Loss: Below 4,255
Take Profit 1: 4,340–4,355
Take Profit 2: 4,367
Take Profit 3: 4,405–4,415
Take Profit 4: 4,485–4,500
Alternative entry
If gold breaks above 4,340–4,355 and retests this area as support, buyers may look for continuation toward 4,367 and 4,405–4,415.
◌ Invalidation
The bullish view becomes weaker if gold breaks below 4,255 and fails to reclaim the buy liquidity zone. In that case, the recovery structure may fail and price could return to the lower bearish channel.
⌁ Kelly’s view
Kelly’s main view is bullish while gold holds above 4,275–4,290. The market is showing a strong reaction from the lower liquidity area, and the current pullback may only be preparation for the next upside wave.
If buyers defend the buy zone and price breaks above 4,340–4,355, gold may continue toward 4,367, then 4,405–4,415. The larger bullish target remains near 4,485–4,500 if momentum expands.
Do you think gold will break above 4,367 first, or retest the buy zone once more before the next rally? Long 
WaveTalks Gold - Alternate Scenario : Ending Diagonal Below 4450Comex Gold is currently forming a C-Wave Ending Diagonal, presenting a highly lucrative yet highly emotional trading setup. While the current price action appears messy and volatile, this specific pattern offers clear diagnostic boundaries. If the structure holds, a final 5th-wave decline will open targeted downside targets before setting up a major reversal toward the pattern's origin point at $4,558 and potentially $4,755.
The Psychology of the Trade: Emotions vs. Patience
Emotions are the ultimate enemy of a trader. They are the primary reason short-term traders are forcefully transformed into long-term investors because they cannot conquer their own fear and greed.
When the market is in a messy consolidation phase, amateur traders lose money because they lack discipline and feel compelled to trade every minor sub-wave. Diagonals demand extreme patience.
The Rule of Subdivisions:
An Ending Diagonal requires 5 clear subdivisions.
The Required Attribute:
Successful trading requires sitting on your hands until the pattern reveals itself cleanly. You must wait for the setup to mature rather than chasing noise.
Technical Analysis: The C-Wave Ending Diagonal
The correction that started from the peak on August 25, 2026 ($4,755) is nearing its final evolutionary stage.
The 5th Wave Downside Path
We are entering the final leg (Wave 5) of the Ending Diagonal structure. Crucially, this entire 5th wave drop must unfold completely below the $4,450 mark.
This final leg (5th wave) is projected to develop as follows:
Primary Target Zone:
A drop down between $4,300 - $4,325.
Extension Target Zone:
If momentum breaks below $4,290, expect an extended drop into the $4,225 - $4,250 deep support cluster.
Risk Management: Line in the Sand
To maintain this specific wave structure, strict invalidation levels must be respected.
Allowed Behavior:
The price must stay structurally capped under the $4,400 - $4,410 resistance zone currently & below the $4,450 mark & complete 5th wave drop.
Not Allowed Behavior:
Any price action or close above $4,450 completely breaks the setup (If the 5th wave drop doesn’t unfold) or If gold breaches this zone before falling, the Ending Diagonal thesis is invalidated, and you must step aside.
Nurturing the Sprout: Reviewing the Support Zone
Once the final 5th wave drops into either Support Zone 1 ($4,300 - 4325) or Support Zone 2 ($4,225 - 4250), do not blindly catch the falling knife. Look for early confirmation.
Think of the reversal like a seedling sprouting out of the mud. When you see that first green shoot break through the soil where you planted your analysis, it is a gesture that it wants to grow stronger. As a trader, you do not force it; your only job is to manage it, water it carefully, and protect the soil through strict risk management.
The Signal: (After 5th wave drop gets completed)
Allow gold to form a sharp, impulsive upward move off the lows.
The Action:
Use that first impulsive swing to structure long positions with a tight invalidation floor beneath the newly formed low.
The Reward Matrix - Check the Snapshot
If this pattern executes as a textbook Ending Diagonal, the subsequent structural rally will be swift and powerful.
Diagonals typically retrace completely back to their point of origin.
Dixon Technologies Elliott Wave Analysis: Will It Collapse?Dixon Analysis: Will It Collapse?
Welcome back to WaveTalks... Stories of what the Market Whispers, straight from the mouth of an Elliottician, your old friend.
If you haven't watched Comex Gold collapse from the $4,400 mark straight down to $4,275 the exact moment the Federal Reserve rate decision unfolded, you are missing the real action. The market always leaves clues.
Speaking of clues, as a trader, Aug 24, 2026, was unforgettable. The stock plummeted 500 points in a single session. A big shoutout to follower Akshay, who was keenly watching what would unfold next.
My warnings started on Aug 16, 2026 when stock was hovering close under 14000 mark...
This was the precise warning shared on X: Check the Snapshot of the tweet
Be extremely careful once price reaches 14,850 - 15,000; review the scenario there. A failure at that top end can pull price back to the 13,650s. Falling below 13,500–13,645 opens the possibility of the fall getting extended to the downside.
Now, the data proves it: Elliott Wave works.
Let’s break down the structure from the 9,600 bottom.
The Elliott Wave Breakdown
Wave A (Impulsive):
Unfolded from the 9,600 bottom to the highs of 11,440.
Wave B (Corrective):
Formed a complex running double-three correction, terminating at 11,285.
Wave C (Explosive):
A 5-wave impulsive sequence that topped out exactly at 14,983.
Remember that double top near 14,970 - 14,980 when I asked: *Will Dixon Collapse?* Here is your answer.
The Current Downside Structure:
From the 14,983 peak, Dixon began a new impulse downside (Possible Scenario )
Waves 1 to 4: Completed.
Wave 4 High: Struck today, Sep 17, 2026, at 13,495.
Alternate Wave 4 can unfold as a Triangle if Stock consolidates for next few days but strictly holding below 13500
What's Next:
One final leg down - Wave 5 to conclude the bearish sequence from the 14,983 top.
Trading Strategy & Key Levels:
Line in the Sand (Invalidation Level): 13500
Aggressive Traders:
Look for short opportunities as long as the price holds below 13,500.
Conservative Traders:
Plan bearish setups only on a clean break below the 13,000 - 13,050 zone.
Wave 5 Targets Downside
Primary Target:
12250’s (62% Fibonacci projection of Wave 1-3 distance in the current Impulsive sequence downside from the highs of 14983).
Extended Targets:
If 12,250 fails to hold, the next logical support clusters sit at 11,700 and 11,300.
#WaveTalks
Market Whispers! Can You Hear Them?
Regards,
Abhishek H. Singh
SEBI Registered Research Analyst (INH000030092) 
Short
INDIGO Filled GapChart Breakdown & Technical Context:
Recent Correction: INDIGO has experienced a sharp decline from its recent highs above the 5,400 level. During this fall, it sliced right through its immediate strong support (the upper shaded zone). According to the principle of polarity, this broken support is now expected to act as overhead resistance.
Current Positioning: The price is currently resting inside a crucial historical demand/support zone (the lower shaded box), trading near the 4,795 mark.
The "Gap Fill" Logic: The lowest horizontal dashed line marked on the chart (around the 4,377 level) represents a major pending gap/liquidity void. In technical analysis, unfilled gaps often act as a magnet for price. If the current support zone fails to hold, the market could drop swiftly to fill this gap.
Trading Scenarios & Action Plan:
🔴 Bearish Breakdown (Gap Fill Target):
If we see a decisive daily candle close below this lower demand box, it will signal strong bearish continuation. The immediate downside target would be the horizontal line at 4,377 to complete the gap fill.
🟢 Bullish Rejection (Relief Bounce):
Since the price is currently sitting inside a strong historical support area, we cannot rule out a bounce. If a clear bullish reversal candlestick pattern (such as a Hammer or Bullish Engulfing) forms within this zone, it could trigger a relief rally. The primary upside target would be a retest of the upper shaded box (previous support turned resistance).
Conclusion:
This is a strict "Wait and Watch" area. It is highly recommended to wait for price action confirmation—either a confirmed breakdown to play the gap fill, or a clear reversal signal to trade the bounce.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always use proper risk management. 
Long
