Banknifty long-term short trade setup wave C
Updated
Educational purpose only:
Here triangular correction formation in wave B position... Mostly Triangular forming Wave 4,B,X. Then technical analysis of the bank nifty exploring the market conditions.. Triangular formation ACE waves are 0.681% relationship this confirm perfect triangular corrections. Now market break the trend line it's gives long-term short position trade setup....
Higher degree wave formation was Zigzag correction.. Wave A = Wave =C
Coming weeks market has down morethan 3000 points....to reach wave C target...
Here triangular correction formation in wave B position... Mostly Triangular forming Wave 4,B,X. Then technical analysis of the bank nifty exploring the market conditions.. Triangular formation ACE waves are 0.681% relationship this confirm perfect triangular corrections. Now market break the trend line it's gives long-term short position trade setup....
Higher degree wave formation was Zigzag correction.. Wave A = Wave =C
Coming weeks market has down morethan 3000 points....to reach wave C target...
Note
Wave C sub divided chart has mentioned here..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.