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Nifty - The Bat Unfolds It's Wings!! (Read Fully Before Acting) In continuation to my Nifty update posted on 27th Feb, I'm getting inclined towards Scenario 1 mentioned in the update and the Alternate count mentioned in it, that we could be in Wave 2 (Wave count marked in Red) of a very large Wave A correction (NOT depicted on the chart). If we zoom into Wave 2 , it's unfolding as an irregular A-B-C pattern (Wave count marked in Orange) and we are currently amidst Wave C up of this pattern. Since as per rule, the 3rd Wave cannot be the smallest, I've labeled Wave (iii) where it is depicted in the chart (Wave count marked in Blue). So, a Wave (v) up may still be left to unfold ( Caution for Day Traders who may be wanting to go Short ), which may push the price up to 15337 which is 1.618 times Wave A (as depicted on the chart in Blue dotted line), thus completing Wave C and the irregular A-B-C pattern and from where Wave 3 down should commence. Cheers !! NOTE: This view will be invalidated if the prices cross 15350 with force.
NSE:NIFTYShort
by VIISHAL
18
Multiple Harmonic Pattern in Gold - Bullish There are multiple harmonic patterns in Gold, bullish ones SL and Target mentioned in the chart For ones who trade in gold may be a good opportunity For Traders who trade in the Indian index Nifty / Bank Nifty, they may take a cue from this as Gold and the Indian index are usually inversely proportional.i.e., if gold increases nifty decreases and vice versa Every analysis is a hypothesis based on certain conditions. If SL condition triggers - hypothesis would be deemed wrong Happy Trading MSK
TVC:GOLDLong
by msk_analysis