Where traders make mistakes- counting 1-2-3-4-5 --will you go & take buy or sell -think again because kindergarten students also can count 1-2-3-4-5- if this chart is shown to him. Seriously, you don't believe-try showing a printout of this chart to someone close to you- you will be surprised because that is the way we do counts & jump in the trade without confirmation- what is the end result- a fatal accident- a broken account.
So, which ever analysis you do- always confirm before crossing the signals.
Emotions are tougher to control but can be done if you have more confirmations to support your analysis, which can be converted into a rocking trade- as trading & doing analysis are two different things.
What Confirmation -I will look for trade next?
Current Pattern -which is a -directionless candle so wait for the next few sessions & let it close below recent low@9905- marked in blue color.
Get some pattern.
Let the rising be broken & sustain below the .
Possible Target Zone
In the Zone 8350-8375-- Wave-((v)) travels equal distance as the Wave-((i--iii)).
Wow- it turns upside above 9905 from 9906.55 - Isn't that amazing!
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ