#Nifty || 14th July 2022 || Falcon Trader Analysis for #Nifty50

We are moving as per plan, and as per Falcon Waves - probably finest and very few trading analysts o internet to tell followers about it when many were bullish.

Now with CPI data out the gap down will end at wave 3 - followed by bounce to form wave 4 (where longs will exit) and then wave 5.

I have also marked some vertical lines for you all.

Enjoy.

A clear chart is here:

How to trade?

If you have not taken any short positions then you need to wait for some pull back.

Comment:

Updated counts:

- Internal wave 3 marked in pink 3 done?
- up in pink 4 and down to pink 5 goal / target ?

Trade closed: target reached:

Can you see that horizontal purple line - I call that Target Line. Probably because purple is colour of Royalty.

So wave iii (wave 3 dark pink) done, moving towards wave iv (wave 4 dark pink)?
Using trigger line method, and Falcon CCI to plan this trade.