Hello Traders,
NIFTY50 has set a new 52-week-high today! The rally is going it's way, and it was not all, from my perspective!
As I wrote before; a new ATH should be in the cards!
The bulls hit the “gas-pedal” and the machine is running! But not hot, not out of fuel!
The latter ATH is @ 18604, and it should be reached this week. After, we have to check the chart off the pattern and the plausibility of the count!
So-called “weakness” if to occur, should end at or around the green rectangle, and it could be a wave iv of one lower degree.
So, that's it for a quick note!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 has set a new 52-week-high today! The rally is going it's way, and it was not all, from my perspective!
As I wrote before; a new ATH should be in the cards!
The bulls hit the “gas-pedal” and the machine is running! But not hot, not out of fuel!
The latter ATH is @ 18604, and it should be reached this week. After, we have to check the chart off the pattern and the plausibility of the count!
So-called “weakness” if to occur, should end at or around the green rectangle, and it could be a wave iv of one lower degree.
So, that's it for a quick note!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!