Diogonal break down in ,may go to 4 th wave position.
Some days back I had pointed this pattern
developed in bank nifty.
please refer to my chart on jan 9 "critical juncture" published in
trading view where I had anticipated possibility od diogonal break down.
and diogonal break down happens vigorously. and we are witnessing major sell off right
now. Last week range was 1692.
Now selling should be continued as it has fallen only 38.6 percent of the rise.
It should atleast fall to the 50 percent of the rise which is at 38057. 4 th wave position
is also in that region.
Please go through my recent posts of adani ent,hdfc bank and sbi published in trading view.
Don't forget to like this post and follow me to get updates
developed in bank nifty.
please refer to my chart on jan 9 "critical juncture" published in
trading view where I had anticipated possibility od diogonal break down.
and diogonal break down happens vigorously. and we are witnessing major sell off right
now. Last week range was 1692.
Now selling should be continued as it has fallen only 38.6 percent of the rise.
It should atleast fall to the 50 percent of the rise which is at 38057. 4 th wave position
is also in that region.
Please go through my recent posts of adani ent,hdfc bank and sbi published in trading view.
Don't forget to like this post and follow me to get updates
Comment:
Comment:
Breaking of the point shown in upper arrow on closing basis is needed.
you can observe lower arrow 2nd wave had deeper retracement but had not gone below wave 1 .
you can observe lower arrow 2nd wave had deeper retracement but had not gone below wave 1 .
structure developing.