Both the previous and this Post have NEUTRAL strategy, because I wanted you all to see and understand what did happen and what will happen hereon. The AREA marked in the Red circle is slightly confusing for now.
1. where I have marked iii, can either be iii/1( wave 1 ), OR, we are still not done with wave 1 yet, and here I have shown it as subwaves iii and iv done, and 1 TOP still pending. Thereafter 2 down pending.
2. that we have already done ! and a shallow 2 is also done. This needs some thinking and confirmation.
It is now a question of Time before wave 3 up starts, and this wave 4 will be a BIG one.
1. where I have marked iii, can either be iii/1( wave 1 ), OR, we are still not done with wave 1 yet, and here I have shown it as subwaves iii and iv done, and 1 TOP still pending. Thereafter 2 down pending.
2. that we have already done ! and a shallow 2 is also done. This needs some thinking and confirmation.
It is now a question of Time before wave 3 up starts, and this wave 4 will be a BIG one.
Note
I have posted the FUTURES contract by mistake, but the JIST is the same. Take your charts out and mark the same markings onto Nifty Spot
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.