Priyal_Patil
Short

Complex e-wave (Nifty on its verge of collapse)

NSE:NIFTY   Nifty 50
Internal z-wave looks like forming a triangle.
Look for sharp reversal after completion of z-pattern.
Comment:
snapshot
Comment: ^^^Update for the z-pattern count.
Comment:
snapshot
Is there a change in wave counts...plz clarify?
Reply
Priyal_Patil uttamtrader15
e-wave has broken the upper trend line..
1st possibility: Bear Impulse after this wave immediately. (Less likely)
2nd possibility: Diametric pattern OR A Neutral or expanding triangle is in formation)
Reply
uttamtrader15 Priyal_Patil
Thanks is it possibile to show possibility 2 by a diagram?
Reply
What possibility is nifty doing any clarity?
Reply
Priyal_Patil uttamtrader15
same as posted in the abv. chart. (triangle in Z has completed)
Reply
Priyal how far can wave e of Z go upto...? does it finish below wave c ?
Reply
Priyal_Patil uttamtrader15
There are few other possibilities too. (i.e. that e-wave can be counted as c-wave of a flat and could go higher)
But it looks very less likely to go higher..
In this case, only focus on a "faster retracement" of that internal e-wave without thinking of how far it can go.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out