It has been very long time since Nifty has treated Me with such potential harmonic opportunities, irrespective of whether this potential pattern completes or not, I love this trade setups. If it goes as planned here I will be having stops 50-70 points below the Entry zone based on the patterns. I wanted to write a lot about patterns but as market opened let me post first :) Will add content later...
Our Discussion continues :
We have two harmonic patterns above one being internal butterfly, just waiting to fly off, next being Gartley ( didn;t check ratio's though ). Anyway both are converging around the same area, I expected that area to be tested yesterday, if you have noticed in last post I have mentioned 9600's zone as sweet spot for entry along with 9650's, so we are well in our sweet zone for another 200 points towards 9850's with partial booking of profits in between with stoploss of 50-70 points from entry zone.
If Harmonics aren't part of your plan, I would strongly suggest you to apply your trade setup over it and find out whether it says upside :)
Our Discussion continues :
We have two harmonic patterns above one being internal butterfly, just waiting to fly off, next being Gartley ( didn;t check ratio's though ). Anyway both are converging around the same area, I expected that area to be tested yesterday, if you have noticed in last post I have mentioned 9600's zone as sweet spot for entry along with 9650's, so we are well in our sweet zone for another 200 points towards 9850's with partial booking of profits in between with stoploss of 50-70 points from entry zone.
If Harmonics aren't part of your plan, I would strongly suggest you to apply your trade setup over it and find out whether it says upside :)
Comment:
Do you feel what is Harmonics ?? That's the Real Potential, that's why I Love it to the core :)
Check how it reversed pin-pointedly in the are we marked. Thanks to Harmonics !
Check how it reversed pin-pointedly in the are we marked. Thanks to Harmonics !
Check 2-3 previous posts, it has been clearly mentioned Nifty will give "wick-ed" opportunity only for Entry & same happened now as predicted earlier :)