if it is E the last leg of the corrective 3 triangle from 7511 .. then it would retrace minimum 50% of the last leg D which should be 14853 . minimum.. it can even attempt 15000... but after that as you said ... its selling all the way down to break 13596... i had shorted bit early and burnt my pockets
Thunder918
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@Parasuram sir righly said... i had shorted 14300 pe when nifty gave a close above 14500, however next day opening low of 14350 triggered my stoplosses.... could not make much of the retracement...
shaikmohammadmadu
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yeah there may be retracement but there is another problem with this retracement that's 3rd time breakout. If that happens there may be and definite downfall ahead