28 bar from the low of 21710 which is 180 degree which fall around 10 a.m The price corresponding to 180 degree is 22005 . Hence nifty will form a price time square around 10 a.m which is 28 bar from the low of 21710.So we can go short around 10 a.m below 22005 with a s.l of 10 points above.Check out my analysis and comment.
The left leg starts from 21530 and topped at 22300 . The a clear retracement of 0.618 . After that the head end at 22526 and then a retracement of its head to 21710.After that the right leg starting from 21710 and its target is 22280 which is the right leg. The first target of this pattern is 21230 and the final target is 21054. Let us see what happens.
