Neo wave Extracting triangle pattern(Limited corrective activity)is just completed in NIFTY INDEX.
It is over assumed and corrective action completed as c5 corrected only 0.618 times of c1
16855(c5 low) is the stop for longs and cross above 18000 is the indication for next bull market
Earnings season, Covid relief, short covering may fuel the market
On TODAY (15/03/21) NIFTY completed its 4th leg(waveD) of the Great NEO wave's EXTRACTING TRIANGLE pattern
This is a TERMINAL pattern which has 5 legs(marked in yellow) ,
The uplegs (A,C,E) are shorter than previous, and Down legs(B,D)are larger than previous legs.
This phenominal distribution pattern Iis tricky for traders and those understands well can make...
