NIFTY ANALYSIS 1ST TIME IN LIFE I AM USING HORIZONTAL FIBONACCI

Apr 27, 2020PREVIOUSLY I HAVE ALWAYS USED HARMONIC PATTERNS FOR FIBONACCI RETRACEMENTS BUT NOW I USED HORIZONTAL ONE NOW CURRENTLY IT IS AT 38.2 LEVEL PLUS FOR NOW IT IS REJECTED FROM MOVING AVERAGE 8 AND MAKING TAIL UPSIDE ALREADY BUT IT IS WEEKLY CANDLE IT WILL TAKE DAYS TO BE COMPLETED BUY ABOVE EMA 8 ONLY FOR LAST TARGET OF 9942 I REPEAT #LAST DURING this level @ 50 % fibonacci level @9942 FIIS WILL HAVE MADE YOU SURE THAT BEAR MARKET IS OVER BUT IT WILL FALL FROM THIS THIS POINT SO FAST THAT A RETAILER WILL JUST KEEP THINKING WHAT TO DO EXIT OR NOT BECAUSE IF MARKET KEEPS FALLING WHO WILL BUY? AND HOW FIIS WILL EXIT IN CRORES IF THERE IS NO LIQUIDITY? ACCORDING TO ME 50% LEVEL IS LAST STATION THEN WE ARE AGAIN READY FOR BEAR RUN
TRADE AT YOUR OWN RISK
I MAY BE WRONG :)

Apr 28, 2020

Comment

WENT UP THEN AGAIN RESISTANCE 9400 IS GOOD RESISTANCE