DToday we got 3rd Wave confirmation with big large candle. Any retrace is good opportunity to short.
With negative divergence, BTC is retraced to its 89%. if current levels BTC weaken, then it will come down. Above 5th wave if it start moving then all count get negated.
Please read chart, explanation is self explanatory.
Please read chart. the explanation is self explanatory. if Gold breaks its recent high, then all count negated and 3rd wave continues.
With Yesterdays stimulate package from Indian Govt. Market is expecting to touch its resistance. I am closely watching from 9600 levels. If Nifty start losing its momentum from 9600 levels, then the downside rally is confirmed and expecting target is around 8000 levels.
BTCUSD Presently quoting 78% resistance from its recent peak. Expecting to take resistance at current levels.
NIFTY IN INTERMEDIATE TRADING ITS BULLISH 5 WAVE PATTERN. PRESENTLY IT IS IN 3RD WAVE. COMING WEEK MAY BE A VERY BUMPY WEEK.
NIFTY IN ITS COUNTER TREND A-B-C, PRESENTLY RAISING ITS B-C WAVE.
At present Nifty raised sharply to its 50%. Nifty must take support at this levels and move further upside. But if Global impact is negative, then NIFTY may weaken and may touch 5000 levels in this year.
I am going to watch closely at the Red zone levels. I am Expecting market may take resistance at this levels before moving further. May also change its up journey and started coming down. At this point of time wait and watch. However for Intraday trading it is most optimum.