NIFTY - VERY GOOD POSSIBILITY OF A BOUNCE FROM 16600 LEVELS
technical signals indicating a bottom at 16600 (+/- 40 pts)
1) 0.5 correction of the entire bull rally
2) 1.168 ext of wave A = wave C
3)CYPHER harmonic pattern
usually, such a strong confluence occurs only if a strong bull rally has to follow
catching bottoms will give you smelly fingers (hoping this won't)
1) 0.5 correction of the entire bull rally
2) 1.168 ext of wave A = wave C
3)CYPHER harmonic pattern
usually, such a strong confluence occurs only if a strong bull rally has to follow
catching bottoms will give you smelly fingers (hoping this won't)
Comment:
*1.618 ext of wave A = wave C