Description
⋅ As per diametric pattern nifty is at matured stages of this Rally which started from wave f lows.
Now my advice is to Avoid FOMO.
The fall post wave g can be either wave x or start of a bigger downside trend.
The speed of the fall and how violent the reversal is will confirm if a bigger degree downtrend has started.
For us, staying cautious and prepared is always stood as a better strategy than just being complacent.
Trade active
⋅ More than 200 points gone from the top.
Comment
⋅ Hope you all are witnesiing the pressure on indices. 22800 to 22500 so far. Book or trail.
Trade closed: target reached
⋅ 22800 to 22520 one nice trade.
Trade closed: target reached
⋅ 2nd target also done
22800 to 22300