We had a previous discussion where we went through the triangle formed from B to D
We saw that the trend BCD was an equilateral triangle with average sides 112.6 units
Point E had an offset from the terminus of the side CD, that is its origin was lower than the ending level of CD.
From that origin at E to the current top on 16th Feb.2021 we had a magnitude 46.14...
View On Nikkei Stock Index (5 Mar 2021)
We have some strong swing down now 29,000 & 30K are good resistant regions.
It may carry higher risk but it is better to stay on the SELL side only.
27,600 will be a good support.
DYODD, all the best and read the disclaimer too.
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