Hello Traders,
NIFTY50 broke the lower low @ 17761, a wave a level of Subminuette degree. This opens the door to new lows during last weeks sessions, and the question for the coming week:"Was it all? Or is more trouble ahead?
For the bears. A break of 17353 is the key to collaps to lower boundary of the rectangle @ 17270, and below to 17098 – 16950! Here, a possible "sell-off" should stop! If so to come? We will see!
The bulls need a massive push with high volume above 17578 range to start an attack at the open gap, left by trading on 21-22. February. At 17842 the gap would be closed!
Overall, the high @ 18887 is a wave (iv) of Minutte or a wave ((iv)) of Minuette degree. The coming days will give answer which degree it is!
Be carefull these day. Don`t trade and hold positions over.night!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 broke the lower low @ 17761, a wave a level of Subminuette degree. This opens the door to new lows during last weeks sessions, and the question for the coming week:"Was it all? Or is more trouble ahead?
For the bears. A break of 17353 is the key to collaps to lower boundary of the rectangle @ 17270, and below to 17098 – 16950! Here, a possible "sell-off" should stop! If so to come? We will see!
The bulls need a massive push with high volume above 17578 range to start an attack at the open gap, left by trading on 21-22. February. At 17842 the gap would be closed!
Overall, the high @ 18887 is a wave (iv) of Minutte or a wave ((iv)) of Minuette degree. The coming days will give answer which degree it is!
Be carefull these day. Don`t trade and hold positions over.night!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!