#Nifty 26th July 2022 || Falcon Trader Analysis
In the post that was for today 25th July 2022, Link below (Nifty - what next? July Month Expiry - I had mentioned that we are looking at some local top to be formed.
Having said that - there are technical analysts who are looking at bigger trend move up in 5 waves.
While we still hold Falcon Wave - where green A weekly wave was formed, and now going down in weekly green B wave.
This needs to be done either in 3 wave or 5 wave.
The three wave scenario, blue ABC, has 5 waves down to form blue A of daily TF.
This is shown in the chart and most likely true where wave 2 is formed.
We will get more clarity in next 2-3 days.
Happy Trading!
Having said that - there are technical analysts who are looking at bigger trend move up in 5 waves.
While we still hold Falcon Wave - where green A weekly wave was formed, and now going down in weekly green B wave.
This needs to be done either in 3 wave or 5 wave.
The three wave scenario, blue ABC, has 5 waves down to form blue A of daily TF.
This is shown in the chart and most likely true where wave 2 is formed.
We will get more clarity in next 2-3 days.
Happy Trading!
Note
Important to mentioned we had clear price trend change on vertical red linesNote
Cleaned some clutter. ABC wave up to form wave A
Note
In Falcon Waves We simply follow the higher time frame trend, and then see to achieve it are we using a 3 wave structure or 5 wave structure
a 3 wave structure typically is ABC waves
and 5 wave structure is 1,2,3,4,5 waves
Now keeping a 3 wave structure intact - we can still have 3 or 5 waves within waves
E.g. Blue A was made in 3 waves, Blue B was made in 3 waves and Blue C was made in 5 waves
Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Related publications
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.
Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Related publications
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.