Banknifty long

Dec 14, 2016

Wyckoff Consolidation pattern - awaiting for huge upmove.

Dec 15, 2016

Note

Test of 7 spring. 8 rest, 9 jump, 10, 11, 12 to follow

Dec 19, 2016

Note

8 test going on..once done..price should follow 9 jump....10, 11, 12.

Jan 12, 2017

Trade active

After the 8 test at 17600...price complete the consolidation pattern and on track ..of a huge upmove . Covered 1400 points already. Holding 18860 aggresively and 18600 conservatively expect more upsides

Jan 25, 2017

Trade closed: target reached

A 1700 point rally from the Wyckoff consolidation pattern lows.
A clean 5 wave completion...

Trading idea closed.