Well, I don't get better title than that :) So we have 3 scenario's for the day in Nifty.
(i) Bearish Bat (15 mins) if completed - potential short trade on Nifty. Will be over by today or 2mrw. (ii) Bearish Crab the pink leg - If NIfty decides to move up expect crab completion and down move. (iii) If Retest of upper resistance zone happens look for trades based on price action Even a pullback to 8620-30's possible and lets see what happens there. Well, pre-market @ 8666 so if it moves down right at open that will be an awesome bearish bat, Lets see whether it forms as Bat or Crab. Plan your trade after analysis :)
By the way are you guys interested to know numbers for September series which ended last week ? Feel free to comment below...
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Both Intra setup gone... Part of Game !
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On valid bearish confirmation and break of 8690's shorting chances going to open up. Check with your plans :)
Yeah right at open to target, A Boost for us to start the week on positive note...
rohit.muluk
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hello thr.....can you pls tel me which pattern we can expect if XA leg retraced at 0.65 to 0.72....
InsiderB
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Gartley, just note down one thing every individual trader uses different set of ratio's, so some will agree for certain pattern n some don't. Choose specific set of ratio's (fib) & use those, no matter what others say !
rohit.muluk
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can i take it as gartley if if wick less than 0.78?
InsiderB
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yes
AMBRISH
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Nifty is really happy with us.
InsiderB
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Anyway, it filled our targets on last week's long pattern.. following Give n Take policy.
AMBRISH
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Congrats,
InsiderB
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@AMBRISH Now Nifty will be happy, it teased us n took out our stops :)