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Prasad_Pimparkar

Unsuccessful Head & Shoulder breakout, Nifty continues on wave 5

Short
Nifty 50 Index (NSE:NIFTY)  
Prasad_Pimparkar  
NSE:NIFTY   Nifty 50 Index
Wave Analysis Fibonacci
1
0
waveanalysis fibonacci
Explanation: By the time the price had Started the 5th wave on the higher timeframe, H&S was clearly evident. question then remained was whether Index breaks out of H&S or continues the wave. At the same time, the triangle was also being formed. Today's Fall, breaking out of the triangle, Confirmed unsuccessful H&S & continuation of wave 5 (Higher timeline). Further Index is expected to fall till 10,350, with pullback at 10,460 till 10,700
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