GETTEX:NSE : NIFTY
NIFTY Index since its inception in 1990 - completed Wave 1 in 2008 followed by Wave 2 with FIB approx 0.5 Fib level retracement.
Then continued wave 3 impulse wave until COVID impact with a sharp correction(retracement) to 0.382 fib level marking the completion of wave 4.
when waves 1 and 3 neither of them are extended and wave 4...
prevailing scenario
wave (ii) maybe over in abc subminuette correction
monitor prices evolution in a motive mode
wave ((3)) of v unfolding - first target 1,2189 fib 1.618 wave ((1)) ext
ALT: continuation of wave (ii)
possible expandig flat in 3 waves
critical price area
previus daily close 1.2148
PP 1.2145
FIB 1,2189 fib 1.618 wave ((1)) ext – 1.2233 fib...
hello trader
as you can see the wave c has finished and touched 100 extension and there is divergence
wait for the broken of line that i draw and you can sell it
do not forget to follow us unitl you will not miss anything and for more charts
have a great week guys....
We are getting an Extension of the fifth wave on the 4 hr and price is making an ascending wedge reversal and it is divergent with MACD. This is telling me to look for short positions rather than long on smaller timeframes.
