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Falconwaves

#Nifty || 11th July 2022 || Falcon Trader Analysis for #Nifty50I have been travelling therefore there is some delay. However in most previous posts I have posted even during live market. FalconWaves wave C is almost done. I have given you a trigger line, if price closes below this then short opportunity is good. Once this wave C completes, we finish green A and then we look for green B down - which will again have blue ABC (Blue comes from daily time frame and green from weekly, red from hourly) - just Color codes for us to understand what Falcon Waves we are in. I will post more charts soon, but now is time to be careful as we are in over bought zone. How to trade using Falcon Waves? Good question - I will write a post on trading view education post soon. Follow me on trading view for daily update on falcon Wave counts for Nifty50
NSE:NIFTYShort
by Falcon_Trader_1
8
#Nifty || 6th July 2022 || Falcon Trader Analysis for #Nifty50 Nifty is moving as per Falcon Waves that was shared in previous posts. Some posts were updated in live market and not shared as idea. However I will try to update on daily basis. Some key points, the ABC ratio at 61.8% worked well in predicting wave C end, and now the green weekly A wave is completed. This means that we will go down to complete green B wave, which will be comprised of ABC. The new blue ABC down will take few days to complete. Right now blue A down as stared (comes from daily chart) This will typically have 5 waves down as this is D wave of ABCDE pattern of Falcon Waves. If wave 1 is done then we will go up in wave 2 (this should be 50-61.8%) retracement and then we will fall fast. Thank You for your attention. Please comment - ask questions and I will try to reply everyone. Do not forgot to like and follow me here for daily updated Nifty analysis and Falcon Wave counts.
NSE:NIFTYShort
by Falcon_Trader_1