TradingView
The_Cannalyst
Nov 21, 2018 8:43 AM

Next downwave ahead? Short

Nifty 50 IndexNSE

Description

Nice 1-2-3 pattern?
Today we see the possible break of the shortterm uptrend. If this will be sustainable, a first TP could be the Fibo-Cluster. TP2 could be the former october- low. Below that level. we should see a shortterm selloff.

remember my longterm view:
s3.amazonaws.com/tradingview/snapshots/b/b5CiR9gc.png
today:

Comment

Comment

in the shortterm view, the rsi is down...but from y cyclical view a new low should be made

Comment

n1

Comment

Short trade is in full swing...we are near TP1 (0,38 fibo)

Comment

Oh! A H&S!!!

Comment

Comment

is the sentiment changing? Trading above the neckline would brighten the chart !

Comment

TP1 (0,38 Fibo) reached

Comment

strooong nifty today

Comment

for holding that short nifty has to break its strong intraday trend

Comment

if the trendbreak really would appear, a new short like the following example could be openede with sl at todays high

Comment

Comment

Comment

STRONG NIFTY!

Comment

reached min tp H&S

Comment

now have a look at the shortterm trend

Comment

now there are two alternatives: anticyclical short when the trend will break - narrow sl short above the last top s3.amazonaws.com/tradingview/snapshots/t/thoOD5sM.png
or a cyclical long above the last top s3.amazonaws.com/tradingview/snapshots/a/AQvjybhZ.png

Comment

examle short

Comment

long

Comment

wow

Comment

tp reached

Comment

Comment

aha

Comment

Comment

Comment

11.000 is still the level to watch
Comments
The_Cannalyst
bestindia2k17
nifty next target before 15 may is below 9400
Parag999
Sir, waiting for update.. If possible.
sripal_34
superb call......went short as advised by you..please let me know when to exit..holding short position.
More