X-point High@159.40 is critical level -Any breach shall violate the pattern downside we could look at swing high-B@152 as first target - 150-2nd Target & 146 as 3rd Target
We are in the making of D leg of a harmonic pattern. 1st target can be at around 20380 where the hourly gap is there. Second target can be near 20500 or it can go till 20600. From there one can initiate short position only after confirming the harmonic pattern.
In Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point.
In Nifty, a week before we had more than 300 points in 10 days just by patterns but that...
Hi Friends, Let's Welcome September by counting hatched chickens of August ?
(1) Bearish Cypher - 80 points ( trailed stops)
(2) Bullish Cypher - Lost 15 points ( Broke the pattern straightaway)
(3) Bullish Gartley - 240 points ( Trailed stops aggressively & We caught wave-3 perfectly )
So whooping 305 points in few days..Great for Nifty I believe. But before...
