Same double top candle pattern was formed in yes bank charts before a sharp fall...see candles of nifty today...
IF CORRECTION HAPPENS NEXT WEEK ,AS PE RATIO IS ALSO ABOVE 30 FOR THE FIRST TIME ...A SIMILAR TREND CAN FOLLOW
NIFTY ON SNAKES AND LADDERS GO LONG TILL..11450-11600..
RETRACEMENT DOES NOT MEANS ASSURED REVERSALS.....BUT RSI AND MACD CAN MAKE IT MOVE BACK AS 100% RETRACEMENT WITHOUT A CORRECTION LOOKS HARD TO ACHEIVE
FIBONAACI RETRACEMENT DONE TILL.618 GOLDEN RATIO .....NOT POSSSIBLE TO MOVE UP WITH RSI SHOWING OVERBOUGHT ...................
AS SHOWING ON ELIOTT WAVE AND ABCD PATTERN WE CAN PREDICT AND SEE WHERE THE NIFTY WOULD NEXT MOVE,THE REST IS AS CLEAR TO ANALYZE ...