TREND ANALYSIS & TRADE SETUP ! UPDATED CHART ! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 15-17 Times
Trade active
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23800 PE 3rd Sept. from 55 to 300++ as i said Sure shot 300-400% Gain. 24000 to 23450 500++ Point Gain.
I'm trying to fit this triangle in a higher degree and not able to convince myself that it's a wave 4. Could it be wave B. Could you please advice which wave is the triangular pattern !!
MohitArora
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@Meow12,
This Triangle Cant be Wave 4
It is either Wave B or wave 2nd of Downside Correction.
SathishKumar1
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Monday also same ??? I mean downside?
sameer8587
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bro i have one doubt the formation is absolutely descending triangle pattern but market will go upside or downside because bottom line touches 3 points which means upside na but u are saying downside which is true lot of cofusion
MohitArora
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@similarBus,
Now Doubt Clear ?
for more clear answer, read about waves and wave based triangle.
dhondisrikanth
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.Should I exit all CE positions?
MohitArora
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@dhondisrikanth,
if 23450 hold tomorrow morning then 24000 is target.
gyanhbk
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@MohitArora, no chance, its going to be a bloodbath on 4th Sep as per SGX, and Indian ADRs
MohitArora
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@gyanhbk,
Yup, thats why i mentioned today's morning view.
Else my View for Short is intact.