Hello everyone,
I am sharing nifty chart on day time frame.
First of all let us clear what we have on charts.
I have mentioned waves you can see waves 1-2-3 and 4 as of now(marked in red colour). Now waiting for nifty to start wave 5.
Next you can see ABCD Pattern from Harmonics, marked in Green Colour.
But I have 2 ABCD, one ending at point D (19020) and the other ABCD pattern ending at D (17325).
And I have taken ABCD from where wave 2 started.
Important Rule for ABCD pattern:
If BC is .382 of AB
Then CD should be from 2.24 to 2.618.
And thats the reason why I am expecting wave 5th to get completed near 19020 to 19325 zone.
If anyone of you have any doubt or have any suggestions you people can tweet me.
The whole thing is just for learning purpose, I am still learning and sharing what I have learned so far.
I am sharing nifty chart on day time frame.
First of all let us clear what we have on charts.
I have mentioned waves you can see waves 1-2-3 and 4 as of now(marked in red colour). Now waiting for nifty to start wave 5.
Next you can see ABCD Pattern from Harmonics, marked in Green Colour.
But I have 2 ABCD, one ending at point D (19020) and the other ABCD pattern ending at D (17325).
And I have taken ABCD from where wave 2 started.
Important Rule for ABCD pattern:
If BC is .382 of AB
Then CD should be from 2.24 to 2.618.
And thats the reason why I am expecting wave 5th to get completed near 19020 to 19325 zone.
If anyone of you have any doubt or have any suggestions you people can tweet me.
The whole thing is just for learning purpose, I am still learning and sharing what I have learned so far.