Short term Bullish on NIFTY.
NIFTY retrace has been short of 50% Fib. S&P500 has retraced 61.2% - A typical retrace is between 50% or above.
Expecting:
1. The retrace to complete 50% of the current fall.
2. Fill a higher gap from a previous retrace attempt.
3. Daily MACD remains positive.
NIFTY retrace has been short of 50% Fib. S&P500 has retraced 61.2% - A typical retrace is between 50% or above.
Expecting:
1. The retrace to complete 50% of the current fall.
2. Fill a higher gap from a previous retrace attempt.
3. Daily MACD remains positive.
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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.
