Hi All,
We are in terminal pattern which will end soon (Terminal Patterns are last impulse leg once completed it will show Sharp fall or sharp retracement.) which has 3-3-3-3-3 structure (1-2-3-4-5)
Pattern contains Impulse and Correctives structure both. as we have completed our wave 4 and started with wave 5 as Ending diagonal or Terminal Impulse. once pattern complete this will give sharp fall.
Trade can be taken on only Market sentiment as market mood index is above 80 which shows new trade cannot be open at buy side once Market mood index fall below 80 plan for short trade for 1000-5000 points.
Trade setup
Sell trade with Hedge-
Sell-47528
Target 1-44327
Target 2-42200
Major Target-39100
Stop loss would be ATR-2
We are in terminal pattern which will end soon (Terminal Patterns are last impulse leg once completed it will show Sharp fall or sharp retracement.) which has 3-3-3-3-3 structure (1-2-3-4-5)
Pattern contains Impulse and Correctives structure both. as we have completed our wave 4 and started with wave 5 as Ending diagonal or Terminal Impulse. once pattern complete this will give sharp fall.
Trade can be taken on only Market sentiment as market mood index is above 80 which shows new trade cannot be open at buy side once Market mood index fall below 80 plan for short trade for 1000-5000 points.
Trade setup
Sell trade with Hedge-
Sell-47528
Target 1-44327
Target 2-42200
Major Target-39100
Stop loss would be ATR-2