Nifty -- Potential Bearish Gartley -- Bulls be careful !!!

Hi,

A potential bearish Gartley pattern completed on nifty with RSI divergence.

Price action may give us a nice opportunity for an extended target which will be the completion bigger BAT pattern in the picture.


Target 1 - 10713
Target 2 -10601
Target 3 - 10421
Target 4 (extended, completion of bat pattern) - 10065

Trade with care,
Gulz.

Trade ist aktiv:

price action broke the rising trend line

Trade ist aktiv:

i'm on learning stage of elliot wave theories, but one thing -- if nifty on 5th wave and if reversal happens from here based on this pattern, there is a high probability that a truncated 5th wave will initiate sharp fall and coming days will b in favor of bears.. lets wait and see.

Trade ist aktiv:

Not bad !

Kommentar:

broken 10800 level

Trade ist aktiv:

Last low @ 10755.45

Happy weekend & Eid Wishes to All

Trade geschlossen: Ziel wurde erreicht:

TP1 Hit

Kommentar:

Kommentar:

channel broke

Kommentar:

Going well

Trade geschlossen: Ziel wurde erreicht:

TP2 Done, Last Low @10566

Kommentar: