Its a day chart as all 15 mins predictions are done (Refer to my previous posts on Nifty).On FB ARC its has just retraced today from 0.618 Level. I always insist on ARC because it well adjusted with the Space and time ie. The support and resistance(Price levels) changes with the time and that's really Important.
Coming to the chart It has just touched 0.618 today (after publishing may be it wont look so please adjust zooming in-out or adjust the price bar for a clear look).As everyone is bearish on Hourly charts they are right to a very great extent with a target of 10850 Level with in nearly next 3 sessions.
But in my previous post I have insisted many times not get into any longer duration buy or short position on 13th Sept because there are few reasons to it. When the trend is nearly around 30 degree or less from the prior low of the bigger downtrend low, generally breakout occurs. There are many time zones laying here.
Its not a failure that you are doubtful about the short term movement.But its definitely a intelligent decision when you know that you don't know and avoid taking position. So from my side today no time predictions for any reversal.(Refer to my previous posts on NIFTY MULTI DIMENSIONAL VIEW)
Trading Advice : Short position may be initiated with the high of the previous candle.
(Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers are predicted referring a particular wave.)
Coming to the chart It has just touched 0.618 today (after publishing may be it wont look so please adjust zooming in-out or adjust the price bar for a clear look).As everyone is bearish on Hourly charts they are right to a very great extent with a target of 10850 Level with in nearly next 3 sessions.
But in my previous post I have insisted many times not get into any longer duration buy or short position on 13th Sept because there are few reasons to it. When the trend is nearly around 30 degree or less from the prior low of the bigger downtrend low, generally breakout occurs. There are many time zones laying here.
Its not a failure that you are doubtful about the short term movement.But its definitely a intelligent decision when you know that you don't know and avoid taking position. So from my side today no time predictions for any reversal.(Refer to my previous posts on NIFTY MULTI DIMENSIONAL VIEW)
Trading Advice : Short position may be initiated with the high of the previous candle.
(Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers are predicted referring a particular wave.)
Comment:
As mentioned in this Chart " A target of 10850 Level with in nearly next 3 sessions". It was punched exactly in the 3 Trading Session itself. The Idea Expires & Chart Expires.
The main idea of this chart was to save one from going wrong on Friday and detailed explanation could be seen in "NIFTY MULTI DIMENSIONAL VIEW (5TH POST)"
The main idea of this chart was to save one from going wrong on Friday and detailed explanation could be seen in "NIFTY MULTI DIMENSIONAL VIEW (5TH POST)"
Comment:
Trading Advice : Short position may be initiated with the stop-loss as high of the previous candle. The difference point was just 3 points. If executed properly this would have been really profitable for anyone
Trading Advice : Short position may be initiated with the stop-loss as high of the previous candle.