Gartley suggest further downside

NSE:NIFTY   Nifty 50 Index
117 6 1
It looks like there could be possible correction to 8500 levels. I would be very grateful to hear your thoughts on this
This can't be Gartley as it cant fall below Point-X
inderjeet05 bbrijesh
You are right the correct name is bullish crab. This was from Gartley's book, one of the derivative of his idea! Thanks for pointing it out.
bbrijesh inderjeet05
Not even Crab.

This is Probable Anti Shark.

inderjeet05 bbrijesh
For anti-shart wouldn't C need to be higher than A? What are your thoughts?
bbrijesh inderjeet05
C is higher than A in "Shark"
inderjeet05 bbrijesh
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