Updated
Possible triangle formation for further down leg
Current price action in Nifty suggests triangle consolidation for more downside!!!
Note
Moment of truth, price reached level for last leg of triangle -> Note
Looks like market is talking to us now -> Note
Looks like we finished 1st wave down and any 3 wave correction could be a sell for further down move. -> Note
market is following the idea and coming down in expected wave count... Note
updated wave count for down leg -> Trade closed: target reached
5 down waves down completed. Trade idea valid , new lows formed!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.