Nifty looking over the cliff
Aggiornato
Double correction in Nifty is near its completion.
Final leg of the Neutral Triangle is in progress after which the Bear Impulse will begin.
It is now very important to see whether the e-wave will form some pattern or will end near the channel resistance.
Final leg of the Neutral Triangle is in progress after which the Bear Impulse will begin.
It is now very important to see whether the e-wave will form some pattern or will end near the channel resistance.
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e-wave is still in progress. Fall has not yet started.Internal count of e-wave suggest some consolidating pattern for few more days and then trigger the Major Fall
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Call this pattern now as an Expanding Triangle.. View still remains the sameNota
Riding the Trend is better than catching the top in this situation.Enter in the fall only when the reversal is confirmed.
Rare case possibility:
e-wave can produce a blow-off before the Fall.
which may cause the final leg to approach 9000 level
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Possible internal pattern of z-wave as shown above.Nota
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