Priyal_Patil
Short

Complex e-wave (Nifty getting worse)

NSE:NIFTY   NIFTY 50
3 months ago
e-wave of the Expanding Triangle is forming a complex correction.
z-wave of the complex correction is in progress.
z-wave has just begun with its internal a-wave. It is now crucial to see what pattern it forms.
The c-wave drawn at end may or may not form a diagonal. This is just a possibility.

There are many other possibilities for z-pattern.. But this possibility of z-wave looks more probable to me. Lets see.
3 months ago
Comment:
Complex e-wave (Nifty on its verge of collapse)
tushargupta1991
3 months ago
Is it possible for an e-wave to be that long? Don't you think that the time proportionality could be improper?
Reply
Priyal_Patil tushargupta1991
3 months ago
Yes, it is possible. In fact, in the e-wave of an expanding triangle, there's usually a lot of euphoria.
In a rare case, it can also create a blow-off!
(i.e. it can go as long as 261% of c-wave or a-wave)

Therefore the upper trend-line is a major resistance to be observed.
Reply
OrelMely
3 months ago
thanks for shared....blessings
Reply
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