Hello Traders,
NIFTY50 is moving sideways, since the high @17992 on August 19th! Of course, today, a new high was set @ 18114.65, but the odds come into focus, that the alternate as per my count is more and more probable.
A „double-flat“ seams to be possible! If so to come, today's top was weave „x“ of the pattern, and the coming 2-3 Weeks will push the Index to 17265-17166 range! A break of 17778, the low on September 14tz, will open the door (minimum on a hourly close)!
Wave c of y will develop within a clear impulsive structure, countable as a 1-2-3-4-5 in detail!
A break of today's high, on the other hand, will rate the alternate to a less probability, but it is not out of my thoughts!
Ok, that's it for a quick note today!
Have a great Friday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 is moving sideways, since the high @17992 on August 19th! Of course, today, a new high was set @ 18114.65, but the odds come into focus, that the alternate as per my count is more and more probable.
A „double-flat“ seams to be possible! If so to come, today's top was weave „x“ of the pattern, and the coming 2-3 Weeks will push the Index to 17265-17166 range! A break of 17778, the low on September 14tz, will open the door (minimum on a hourly close)!
Wave c of y will develop within a clear impulsive structure, countable as a 1-2-3-4-5 in detail!
A break of today's high, on the other hand, will rate the alternate to a less probability, but it is not out of my thoughts!
Ok, that's it for a quick note today!
Have a great Friday.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!