Indice Nifty 50Long
NIFTY_Huge gap down what next?
Trading in nifty is always been tough and current scenarios are worst.
As per my understanding, I have taken two possibilities.
CASE-1
If marked wave is (X), (after completion of WXY pattern)- It's a continuation pattern (major trend is downside) and one can expect wave (Z) and the part of which has already been completed.
CASE-2
If marked wave is (A)(after completion of WXY pattern)- It's a start of complex pattern where, one can expect (ABC) as wave (X) and then Wave (Z), which will follow wave X.
(IT is just a possibility, please share your views in comment section)
Thank You
As per my understanding, I have taken two possibilities.
CASE-1
If marked wave is (X), (after completion of WXY pattern)- It's a continuation pattern (major trend is downside) and one can expect wave (Z) and the part of which has already been completed.
CASE-2
If marked wave is (A)(after completion of WXY pattern)- It's a start of complex pattern where, one can expect (ABC) as wave (X) and then Wave (Z), which will follow wave X.
(IT is just a possibility, please share your views in comment section)
Thank You
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