NIFTY50.....Believe what you see!Hello Traders,
the NIFTY50 isn`t done yet!
This is the main meaning!
A drop below the 23263 level , on an hourly baisi at minimum, opens the door to lower levels!
One formidable price target should be around 218xx to 22670 range. Lower targets exist.
Recall! Waves four of every degree always come back to a wave four of lower degrees. In this case, the chance has been given to much lower lows as well!
In fact; the bulls need to recover to 24857 to0 create a new buy signal ahead. For this scenario there is no potential ahead.
If this high (24857) was indeed the high, keep in mind, that a wave "x" always turns out to be a waves (a-b-1-2-3-4-5) y! So, there is much more room to decline.
As before! A drop below 23263 opens the door to lower levels!
One uödate is just around the corner!
I wish all my followers and readers a peacefull years end, joy and happynes and a great time to everyone!
Have a great time.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
