Nifty (Bearish Wolfe Wave)A big correction is pending in Index, Election time is near and vix needs to rise.
Bearish Wolfe Wave
Bearish Wolfe WavePossibility of a Bearish Wolfe Wave, 4th wave gave a false Breakout.
Expecting a fall upto support trendline (T1), if this level breaks targeting 5th wave approx levels (40.0)
Bearish Bat & Wolfe WaveExpecting price to consolidate in the PRZ region and go for a correction.
Possibilities of a Bearish Wolfe Wave formation exist.
SBI Short setupWill wait for price action at 205-206. Bearish Wolfe wave and Bat pattern suggest good short around this zone.
#LUPIN | NSE | 1H | SHORT | #BEARISHWOLFEWAVE01) Wolfe Wave ( Bearish )
02) Price revert from upward channel top
03) RSI Bearish Divergence
04) Target - Green Trend line
05) SL - Above Swing high
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Note : This study for educational purpose only.
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Your likes on my ideas motivate me.
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Twitter - @bagade_arvind
#ACC | NSE | 1H | SHORT | #BEARISHWOLFEWAVE01) Wolfe Wave ( Bearish )
02) Price near upward channel top
03) RSI Bearish Divergence
04) Target - Pink Trend line
05) SL - Above Swing high
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Note : 1) Wait for entry below RED trend line.
Note : 2) This study for educational purpose only.
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Your likes on my ideas motivate me.
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Twitter - @bagade_arvind
