BANKNIFTY INDEX FUTURESUpdated #BANKNIFTY completes Wave 1 leading diagonal-expect more upside
Yesterdays top can be counted as the end of a leading diagonal and should now corrected in 3 waves. When done this this should position itself for a long and sustained rally.
Alternate count - count yesterdays move as the completed 5 waves as an ending diagonal - not very likely as the price move/ distance travelled for this wave is miniscule compared to Wave 1
Alternate count - count yesterdays move as the completed 5 waves as an ending diagonal - not very likely as the price move/ distance travelled for this wave is miniscule compared to Wave 1
Trade closed manually
Entry 29570Exiting 30430
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
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Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
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.