Hello Traders,
NIFTY50 has risen to my favorite price-target, @18k – 181xx levels. This was inline with my forecast. I have left the forecast arrows unchanged to clarify my assessment!
Following my forecast, there has been left 1 or 2 opportunities for the coming days!
First is, we have seen at today's top a wave ((5)) of iii, that was done @18178.75. The consequence would be a wave iv, that possibly has started today. So, it would retrace nearly about 38% of the advance from 17098-18178.
The second possibility is, that wave iii will extend to higher levels in the coming hours or days!
A price target for such a scenario would be a new ATH!
We will see, how market will react in the coming days `til Friday.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analyse is at your own risk!
NIFTY50 has risen to my favorite price-target, @18k – 181xx levels. This was inline with my forecast. I have left the forecast arrows unchanged to clarify my assessment!
Following my forecast, there has been left 1 or 2 opportunities for the coming days!
First is, we have seen at today's top a wave ((5)) of iii, that was done @18178.75. The consequence would be a wave iv, that possibly has started today. So, it would retrace nearly about 38% of the advance from 17098-18178.
The second possibility is, that wave iii will extend to higher levels in the coming hours or days!
A price target for such a scenario would be a new ATH!
We will see, how market will react in the coming days `til Friday.
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analyse is at your own risk!