Nifty -- Potential Bearish Gartley -- Bulls be careful !!!
Hi,
A potential bearish Gartley pattern completed on nifty with RSI divergence.
Price action may give us a nice opportunity for an extended target which will be the completion bigger BAT pattern in the picture.
Target 1 - 10713
Target 2 -10601
Target 3 - 10421
Target 4 (extended, completion of bat pattern) - 10065
Trade with care,
Gulz.
A potential bearish Gartley pattern completed on nifty with RSI divergence.
Price action may give us a nice opportunity for an extended target which will be the completion bigger BAT pattern in the picture.
Target 1 - 10713
Target 2 -10601
Target 3 - 10421
Target 4 (extended, completion of bat pattern) - 10065
Trade with care,
Gulz.
Trade active
price action broke the rising trend line Trade active
i'm on learning stage of elliot wave theories, but one thing -- if nifty on 5th wave and if reversal happens from here based on this pattern, there is a high probability that a truncated 5th wave will initiate sharp fall and coming days will b in favor of bears.. lets wait and see.Trade active
Not bad ! Note
broken 10800 levelTrade active
Last low @ 10755.45Happy weekend & Eid Wishes to All
Trade closed: target reached
TP1 HitNote
Note
channel brokeNote
Going wellTrade closed: target reached
TP2 Done, Last Low @10566Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.