nifty analysis
I am posting this chart so that you do not make the mistakes.
1. Start by calculating the downside on 15 minutes or Hourly basis. This will be the starting point as explained in the chart.
2. For the Larger retracement, go to daily, then weekly n monthly.... every time the market stays below 68.2% retrace of that particular wave..... ur Shorts r ON.
3. Do NOT go directly into the LARGER RETRACE and make a BIAS for yourself. You will get stuck.
4. People climb a fleet of STEPS one at a time. When you TRY to JUMP 7 steps at a time....... EVENTUALLY YOU WILL FALL.
1. Start by calculating the downside on 15 minutes or Hourly basis. This will be the starting point as explained in the chart.
2. For the Larger retracement, go to daily, then weekly n monthly.... every time the market stays below 68.2% retrace of that particular wave..... ur Shorts r ON.
3. Do NOT go directly into the LARGER RETRACE and make a BIAS for yourself. You will get stuck.
4. People climb a fleet of STEPS one at a time. When you TRY to JUMP 7 steps at a time....... EVENTUALLY YOU WILL FALL.
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