DSKF16

Fate of NIFTY: WEEKLY View.

NSE:NIFTY   Nifty 50 Index
ABCD Pattern almost Completed.
as of now HIGH: 10011.30,
25.4 point away from IDEAL "ABCD" Pattern where D = 10036.7

Question arises What's NEXT:
I have mentioned Some Condition
Two for UP trend & Three for DN trend.

For UP Trend:

Condition #1:
Extended "D" = 10305.25
FIB E 1.13 of ABC

Condition #2: can say ULTIMATE
Extended "D" = 10619.55
FIB E 1.272 of ABC

For DN Trend:

Condition #3: At 9388.45
Correction: FIB E 0.618 of ABC
(HEALTHY)

Condition #4: At 8965.25
Correction: FIB E 0.50 of ABC
(Healthier)

Condition #5: At 8712.4
Correction: FIB E 0.382 of ABC
(Ultimate)

REST OF THE LEVELS MENTIONED ON CHART ARE ALSO CRUCIAL (in the Basis of Daily View)

If healthy, helpful & enriched your knowledge please Like, Share
& motivate me to publish more effective ideas.

Comment always appreciated.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor


Looks interesting. Excellent high level FIB ratio very helpful.
Never heard ABCD pattern. ABC, 1-2-3-4-5 all ok but whats this new kid on the block.. please enlighten me on this or any reference which i can study...
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