MOTIVE WAVE STRUCTURE(IMPULSE) + CORRECTIVE STRUCTURE
Updated
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Today I m posting my analysis on Nifty50 index chart as below:
View:
Nifty50 appears to be positive for the moment...
Supporting pattern/structure :
# On the left hand side I see a zig zag pattern (A-B-C) + Impulse + 3-3-5(corrective structure) + Impulse + correction in progress
# penetrating the invalidation point will invalidate my view.
Trading plan:
Entry- in support zone as per one's entry method
SL ----- below invalidation point
Targets- as shown in the chart
Today I m posting my analysis on Nifty50 index chart as below:
View:
Nifty50 appears to be positive for the moment...
Supporting pattern/structure :
# On the left hand side I see a zig zag pattern (A-B-C) + Impulse + 3-3-5(corrective structure) + Impulse + correction in progress
# penetrating the invalidation point will invalidate my view.
Trading plan:
Entry- in support zone as per one's entry method
SL ----- below invalidation point
Targets- as shown in the chart
Trade closed: stop reached
closing the trade as nifty breached the invalidation pointNote
#NIFTY 15 MIN (FOLLOW UP)NIFTY CAN BOUNCE FROM THE ZONE 14379-14265
Note
DETAILS IN 5 MINS CHART:
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