Nifty : Will Double Top & Gartley work Together ?!
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So, just by one quick look on the chart you will be know about the beautiful Gartley {updated yesterday morning, so I'm not sure how many of you noticed} and Potential double top formation. We predicted Nifty will taking off after Fed's but turned out to be profit booking & boring day. I don't have much expectations today also.Nifty may be ranging within 8900's - 8840's. The trade setups we have today are :
(i) If Double Top confirmed with Bearish Reversal - Short Nifty
(ii) If we find support at zone marked in green with Bullish Reversal - Long Nifty
We have Simple 5-wave Elliot completion, charts will look messy if I draw everything on Nifty. So left it out.
Pattern & Double top completion increases confidence only, doesn't mean 100% winning potential.
How easy it is... I want Nifty to be this easy everyday, Just under 180 seconds Flat, analysis is over for the day.
(i) If Double Top confirmed with Bearish Reversal - Short Nifty
(ii) If we find support at zone marked in green with Bullish Reversal - Long Nifty
We have Simple 5-wave Elliot completion, charts will look messy if I draw everything on Nifty. So left it out.
Pattern & Double top completion increases confidence only, doesn't mean 100% winning potential.
How easy it is... I want Nifty to be this easy everyday, Just under 180 seconds Flat, analysis is over for the day.
Nota
Now, that's what you call as, Hitting Bull's Eye !Nota
Interesting fact, Nifty fell from Resistance to Support in 180 seconds :)
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