We confirmed that the market structure is broken and the price is making lower lows. I believe that this market condition will change soon with huge volatility and strong destruction power.
Comment
⋅
There's still a chance that nifty might give a pullback or if it doesn't no problem anyways.
Comment
⋅
Nifty goin to 15780-15800 and then continue to bearish mode.
Comment
⋅
Seems nifty would not go up before 15000.
Comment
⋅
Market will open gap down and then gap fill whol day
Comment
⋅
Market will do this. this price action will take whole 2 days to complete.
Comment
⋅
Anyhow price closes to above 15800 market structure will be bullish onsided other than everything bearish.
Comment
⋅
happened same day to complete this price action. nice.
NIfty going again 15800 and then even higher from now on
Comment
⋅
Update: Niffty will open same yday closing price and will be range-bound in till midday.
Price below 15930 I stay bearish. I feel one thing is that Nifty wouldn't sustain if does break high anyways. in Wycoff method there will be UTAD which is pending to upside 16k-100 once it took out that high market eventualy may colapse.
Comment
⋅
Nifty 15915 should be today's high or I'm doing nothing
Comment
⋅
and then backing it up again to 15800 everybody knows.
Comment
⋅
Nifty will do this.
feels 16k fade away
Comment
⋅
this whole price action ends here and I'll not update this anymore.
@artiblossom, I've already updated. see 20th July comment. Currently, now price has reached that top level and is ready to break down.
Parasuram
⋅
this is range play between 15630 to 15915 almost 300 points. once it takes out either side.. we can see minimum 300 points on the upside and different fib levels come into play then.. it can extend upto 16200.. but lets see whether it breaks 15915... dow jones yet to clear the previous high... suspense continuing
one thing jahir! corrections do not happen like this.. looks like pause.. consolidation ... corrections means gaps down - faster momeentum.. breaking important levels and trading there.. this can be atmost called distribution if not consolidation
Ilikethehell
⋅
@Parasuram, You're right. NIfty already entered into correction environment. but I was looking for 15780 is the origin of 12h supply zone which is untested. it might happen that without going testing that level nifty might go broke as hell. one thing for sure is that my views is clear and I can extract quick buck in the meantime.
Parasuram
⋅
@Jahir_Jack, 15780?
Ilikethehell
⋅
@Parasuram, yes. now I abandoned this price. I think the market will start falling at opening