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.
Nota
Nota
We are near the target - 17650Nota
As per TimeCycle, Bottom is out today.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.