Here's another update. The Blue Bat pattern proposed months ago, has worked out nicely. The completion should mark the turning point point now. We should expect a pullback down into the green zone. I have (for fun) put up a Bat Pattern (purple) for this retracement. It should be a small pattern. Please remember I am only guessing what form the market will give us.The next pivot points will help us gain greater accuracy to project the pullback low that we now expect.
At this point I am Bearish NIFTY .
Please enjoy. The next move down should give us a quick at least 575, and probably more than 925+ points to the downside :)
Old Fart
At this point I am Bearish NIFTY .
Please enjoy. The next move down should give us a quick at least 575, and probably more than 925+ points to the downside :)
Old Fart