As we can see there are two potential patterns yet to be formed. Why do I call it as "Potential patterns ", well as of now none of the patterns are near D point completion, so that's y its potential patterns.
Just think about the advantage of it, We just don't care whether Nifty moves Up or Down from 7880's.
Bcos We are Armed & Ready !
If Nifty goes up n completes , we take Short Positions
If Nifty goes down n completes , we take Long Positions
N There is possibility of anyone of pattern not getting completed .
Check your plans, risk-reward also before entering the trade.
Note : 1) Cyphers sometimes gives inverse Risk : Reward but worth it.
2) will be invalid if market moves above 7895's ( we predicted bat too early)
Hit Likes to Agree / Comment Your Views..
Happy Trading !