This has end its current move , when it ends its end , its over , there is nothing left behind to check , i am looking add shorts on Monday open and look to cover near the forecast area
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Today drop is not potential , Let me clear you , this is not what we are looking , We Know it will still move up , trust me
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and the results of today update , When you know what kind of move you are expecting then you know what action you should take when unforeseen incident or news drive the market , I have updated in the Morning exactly at 9.30 that today drop is not what we are looking because all of sudden there ware more than 37 Messages have come in PM asking what to do , Now you will wait for this to move up till 11200 or 11400 and then look for sell set up
i think it will move up in monday and then come down..
I-Fund-Trader
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@Hiten512, Yes very likely , we are selling on rise , may be 50 to 100 points rise
butterfly87
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what will be SL or levels which will negate this view.
I-Fund-Trader
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@butterfly87, logically any close 200 points with in 2 days should close the trade , Experience says sell on rise every 25 points add 1 lots , its dead cat bounce and we are heading for 9400 , decision is your , if you are safe trader stay with current daily low for entry and experienced then Look to hit hard with rise ,
@I-Fund-Trader, It has completed all degree of wave 5 , and correction of A wave is completed in all degree , it might move up by 40 to 50 points , No issue we are selling till 11000 and we are looking to cover near forecast
it will terminate near 8800 to 7200 , where will it end i have no idea , it has to develop now
NateshBhat
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@I-Fund-Trader, that should be a pretty rapid fall what is the time frame u thinking of sir, I'm Bearish too.. Thanks for the chart..
I-Fund-Trader
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@NateshBhat, Time factor is very difficult to give pin pointedly , Yes it should drop , what we are doing is we are monitoring it live and we have set off rules to follow for entry and exit , this upside move is short lived , it should only be treated as opportunity for adding shorts sell in Future contract , buying becomes dangerous when you know the Direction of the trend ,