Nifty 50 - Financial Astrology & Time Cycle December 2020 Gann Theory - Trends and Time Cycle:-
Sun's Influence and Sun Cycle
Sun's influence on Nifty with WD Gann Theory and Analysis by Falcon Trader 1 from FQZ Investments LLC
Nifty 50 has been showing strong signs of clear inclination to Sun's aspect on objects: Node, Chiron, Lilith and the dates corresponding to these aspects have been shown in vertical lines in the chart.
Moon's Influence & Moon Cycle
Moon cycle and Fibonacci cycle as the strong date of 278 days from March 25th 2020, pointing again towards December 28th 2020, as a major trend change.
If there is (0.5% or above) downside from December 11th, then there can be further downside from 28th December 2020.
Elliott Wave Commentary:
If this is Wave 3 of Nifty (sub Cycles) then there is likely correction for Wave 4, to be short as we saw in March and could retrace 38.2% to 12500 levels. Once corrected then it will again go to higher levels and touch 16000+ in near future, if you want to know more about this then you can comment below.
Harmnics Pattern
According to harmonics patterns based on WD Gann time cycles, if we take Jan 20, 2020, high and use that as a cyclic time for 122 days cycle, then we saw one pattern emerging around 15th Sep 2020 (start of wave 4) of sub-cycle. During this time Sun and Neptune had strong aspects and the same we saw around December 9, 2020. There is another strong harmonic pattern date around 12th Jan 2021 for Trend Change.
If we use harmonics pattern dates, then there seem to be many changes around 9th, 11th December 2020.
December 28th 2020
There are two main points here, Sun aspects two objects around December 26th and December 28th, now, December 26th is a holiday and therefore our focus will be December 28th, 2020, also as mentioned above there is a strong Moon Cycle change around 28th December 2020.
We can expect a major down movement starting from December 11th, with further down movement on December 28th 2020 (more than 1%). But with Elliott wave already at the main pivot point of Wave 3 and also the current fundamental analysis, standard deviation and high price earning ratios, we are anticipating major correction as we saw around September 15th 2020 (300 points or more).
If this does not hold true, then we go back to our Harmonics pattern and wait for Jan 12th 2021.
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