Nuke Incoming?
Finally found a high probable count. If this works out, then we are in bear market for atleast 6+ months.Technical confluence like RSI Divergence, double top, Resistance, supply zone, denial at median line, soon Moving averages will reverse and EW count all in favour of BEAR. Also Price almost tagged median line. I don't see any long opportunity until 10900-10700 range, if this range is breached we will loose buy side algo and market can test that 10k support or potentially even go further. Lol this could be trade of the year with 200 points only risk. Expect a Nuke soon fellas. This EW count may be wrong and if it is wrong please correct me. Thanks! Cheers Bears.
Note
Top is in Bulls.Note
Can Nifty bulls accept new lows?Note
Invalidated. I was wildly wrong.
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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.