The current wave progression seems it is progressing as an Expanding Ending Diagonal. The wave measures of Wave 1 -3 and Wave 3-5 are also having a 1.236 relationship which just adds on to the evidence.
If this pattern is correct then the market should face strong resistance at the upper channel line and see good strong selloff.
Hi Neerav, It looks like your counts changed significantly from the video you posted a couple of days ago. In that video you indicated to go long at $1272 and this analysis is indicating to go short with it hitting $1280 overnight. What is the difference in what you seeing to change from long to short so quickly?
NeeravYadav
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@nileshsamin, as the market provides new info the counts can change and this is just a possibility, if you don't like how I do analysis then please unfollow me, I'm not interested in any argument.
nileshsamin
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Hi Neerav, sorry for the confusion. I wasn't trying to create an argument. I was just trying to understand what caused the change in strategy so quickly from a couple of days ago.
NeeravYadav
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@nileshsamin, Nilesh I'm in trade, maybe will make a video later if time permits, not possible to explain here in comments.