My last post disappointed many shorters but this time it may not. momentum divergence also support my count.SENSEX making DOUBLE TOP wait for confirmation,/// breaching the bullish trend line/// and setup your shorts,for quick money in options .better buy july puts if any doubt, clarification i am ready
Target 29456 Stoploss Daily Close Above 30250
Here, I have analysed the chart of Sensex, where we see a few things : Firstly, a double top is forming very soon ( the white line ) Secondly, the yellow trendline has been very well respected till now. I have drawn vertical lines to illustrate that. You can very well see that price has reacted very well and except for few false piercings, it ...
Watch red dark support trendline for sensex. if that breaks there is some correction down possible. i think correction is near after some days.
SENSEX reached c4 position which is below c1 trough(27488). good time to short the market.the target levels also clearly mentioned.Forecasting target is very simple in ELLIOTT wave.c5 may be any of the fibenocci number(0.382,0.5,0.618,0.786,and1.0)
and dark cloud cover