Trading Research - INFY (Triangle) Sell Setup
Updated
NOTE: SHORT SELLER MIGHT HAVE MUCH RISK BECAUSE OF GAP UP WAS OPENED ON 16 DEC. 2021
INFY 4hrs continuation chart with 5 waves up and side wave trend.
Possible also upside move instead of WYZ flat pattern but if we just look at WYZ flat pattern scenario 1725 and 1692.
Look for equality, I come to exactly 1660 where wave Y equals W.
One of the waves within triangle, usually we see wave E triangle that why I assume here ABCDE triangle of wave ((E)).
In-front of you chart of INFY, its a short term chart and with low 1311 & high 1848.
This is how I view the basic of wave count, roughly. This is easy technique to identify the waves and count them correctly.
INFY 4hrs continuation chart with 5 waves up and side wave trend.
Possible also upside move instead of WYZ flat pattern but if we just look at WYZ flat pattern scenario 1725 and 1692.
Look for equality, I come to exactly 1660 where wave Y equals W.
One of the waves within triangle, usually we see wave E triangle that why I assume here ABCDE triangle of wave ((E)).
In-front of you chart of INFY, its a short term chart and with low 1311 & high 1848.
This is how I view the basic of wave count, roughly. This is easy technique to identify the waves and count them correctly.
Note
Keep patience to create position... Wait and Wait.Trade active
Sell INFY(Spot but you can trade in future) 1879-1890 and protective Stop 1900 and target so far
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