Gift Nifty 15 Min Time Frame Triangle Pattern

Aug 10

Nifty Structure wise in strong Impulsive wave after motive wave it consolidation in phase

Gift If we read and try to understand the consolidation phase, then patterns are formed under it. If we read the pattern, then a triangle pattern is visible, which means that the next motive wave will be formed in the up direction.

Risk should be taken where the chances of being correct are higher; the rest depends on the market's response.
This is my personal research and not a recommendation to buy or sell.
MKT Learner

Aug 11

Trade active

You know that the corrective wave never breaks the low of the impulse wave, this is a fundamental rule.
We identified the impulse wave 24483.5 to 24797.5 and read the corrective wave as a triangle. In a triangle corrective wave, the internal last wave 'e' either undershoots or overshoots wave 'c'. In the case of Gift Nifty, wave 'e' on the 15-minute time frame overshot but did not break the impulse wave, so we can conclude that the next impulse wave will form.

Aug 12

Order cancelled

The triangle pattern has become invalid, we will analyze the chart and form a further view.