TradingView
gulz
May 28, 2018 9:39 AM

NIFTY - SHORT SETUP Short

Nifty 50 IndexNSE

Description

Hi,

Please refer chart for details

Trade active

Stop revised to today's high

Comment

Comment

expecting a quick fall if stops are not taken.. lets see how this will turn around ?

Trade active

i was lucky ( May future reversed from 10703.65 , my stop was at 10705) today stop save for 1 point
This is treated as throw over just before the dramatic reversals normally found just after the wedge pattern ( wave 5 of elliot) -Now holding for the targets

Trade closed: target reached

First target hit.
As expected movement was quick

Comment

61.8% fib level hit ( a support zone)

Trade closed: target reached

@ Target 2 zone

Comment

Thread closed -- Thank you

Comment

we may get trade setup as below .. will post if it is valid as a different thread
Comments
safri
Nice one..
More