As per Neo wave logic ,before entering into a positional trade ,we have to look for pattern completion in long term.
Nifty completed its expanding triangle pattern A,B,C,D,E and E wave is limited to 1.62 times of wave A+B which is a sign of Bullish Bias.
5 wave down leads to a stronger reaction.
Ending this month(june22) NIFTY corrected for 8 months, Now its time for recovery for at least 3 months in the form of A,B,C
All the world is speaking of bear market, but a smart trader relies on logic to win.
Nifty completed its expanding triangle pattern A,B,C,D,E and E wave is limited to 1.62 times of wave A+B which is a sign of Bullish Bias.
5 wave down leads to a stronger reaction.
Ending this month(june22) NIFTY corrected for 8 months, Now its time for recovery for at least 3 months in the form of A,B,C
All the world is speaking of bear market, but a smart trader relies on logic to win.
Trade active:
on going A wave has 3 legs, first segment completes book today your longs and wait for 2 days