Description
⋅ This is a clear Sharp Zigzag pattern. The price already reached 0.618 for wave ((Y)).
The trader can get a High probability chance for short selling tomorrow with a very small protective stop.
Supports
The Short Seller can use these supports level as the target. I am expecting a Nifty future between these both supports.
Definitely, if I found any clue for a turning point in the nifty future in the range of 17810-17650. I will create a long position for a new high.
((Y)) = ((W)) at 18711 which is still too far and, as per the time-cycle C2 can be after 12th march, 2022. Comment
⋅ Comment
⋅ We are near the target - 17650
Comment
⋅ As per TimeCycle, Bottom is out today.