hello everyone,
NIFTY:
as per the marked numbering, it looks like we are in final stages of wave 1, its not clear whether we have completed wave 1 or not. Since we have got the big gap up, a sign of caution is always there..
counting as per 1 H TF:
If we look at lower time frame say 30 min, normal projections of wave 3(5) has been marked. could act as possible resistance.
BNF:
Here also, we are 1 H TF as counting started from 17june 22. It looks like we are in the last stages of wave 1. However, here also we are not sure whether it has been completed or not but, min. extension targets as per fib has been completed.
if we look at lower time frame say 30 min, we have got broken above major resistance with not so good volume. A sign of caution for me for longs . above latest S/R could be good money making opportunity!
SPX
Here, for an overview possible S/R areas are marked, SPX still looks bullish to me.
NIFTY:
as per the marked numbering, it looks like we are in final stages of wave 1, its not clear whether we have completed wave 1 or not. Since we have got the big gap up, a sign of caution is always there..
counting as per 1 H TF:
If we look at lower time frame say 30 min, normal projections of wave 3(5) has been marked. could act as possible resistance.
BNF:
Here also, we are 1 H TF as counting started from 17june 22. It looks like we are in the last stages of wave 1. However, here also we are not sure whether it has been completed or not but, min. extension targets as per fib has been completed.
if we look at lower time frame say 30 min, we have got broken above major resistance with not so good volume. A sign of caution for me for longs . above latest S/R could be good money making opportunity!
SPX
Here, for an overview possible S/R areas are marked, SPX still looks bullish to me.