Nifty -- Potential Bearish Gartley -- Bulls be careful !!!

gulz Updated   
NSE:NIFTY   Nifty 50 Index

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,

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 !
broken 10800 level
Trade active:
Last low @ 10755.45

Happy weekend & Eid Wishes to All
Trade closed: target reached:
TP1 Hit
channel broke
Going well
Trade closed: target reached:
TP2 Done, Last Low @10566



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