#Banknifty 4 Hour
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#Banknifty on 4 hour chart seems to be doing a double three combination, as I understand from the EW theories from several sources that
Double three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three.
It is possibly in last phase of its correction which seems to be triangle, any successful breakout would potentially invite upside targets as marked on the charts.
Double three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three.
It is possibly in last phase of its correction which seems to be triangle, any successful breakout would potentially invite upside targets as marked on the charts.
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How was this analysis, Please do post your comments :)
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Target done Trade chiuso: obiettivo raggiunto
Target done. Trade closed
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