Hello Traders,
NIFTY50 is on path with my forecast. It declined to 17429 on September 19. So, the door is open as I wrote on September 15.
The low @ 17429 was a waves a and the countertrend to 17919 was waves b of y of the „double-flat“!
In this case, the route is clear to the downside in the coming days.
A break of 17429 gives a clear message that N50 is heading lower. A possible target-range is at or around the 17265 area in the coming days.
As per an alternate count, I have visualized the idea of a impulse that has started @ 17429. So, for this idea, @ 17429 the pattern has morph into an w-x-y and ended still there.
But for this idea, it needs a break of the level @ 18114!
The much more likely pattern is nmy favorite one. The double-flat!
Be patient these days!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 is on path with my forecast. It declined to 17429 on September 19. So, the door is open as I wrote on September 15.
The low @ 17429 was a waves a and the countertrend to 17919 was waves b of y of the „double-flat“!
In this case, the route is clear to the downside in the coming days.
A break of 17429 gives a clear message that N50 is heading lower. A possible target-range is at or around the 17265 area in the coming days.
As per an alternate count, I have visualized the idea of a impulse that has started @ 17429. So, for this idea, @ 17429 the pattern has morph into an w-x-y and ended still there.
But for this idea, it needs a break of the level @ 18114!
The much more likely pattern is nmy favorite one. The double-flat!
Be patient these days!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!