BEARISH GARTLEY FOR BANK NIFTY

1) WICK OF CANDLE AT B CROSSES .618 RETRACEMENT OF XA BUT BODY DOES NOT CLOSE ABOVE THAT.
2) WICK OF CANDLE AT C CROSSES .382 RETRACEMEENT OF XA AND BODY IS AT .382 LEVEL.
3)CANDLE AT D HAS CROSSED .786 OF XA. BUT BODY HAS NOT CROSSED .886
4) PULL BACK FROM THIS LEVEL CAN BE EXPECTED.
5)POSSIBLE TARGET MAY BE .382,.5, AND .618 RETRACEMENT FROM C TO D.

STOP LOSS SHOULD BE ABOVE X.
SOME PULL BACK EXPECTED IF THERE IS NO GAP UP TOMORROW.
THIS STUDY IS FOR EDUCATIONAL PURPOSE ONLY

Yorum:

PLEASE OMIT DIVERGENCE(HIDDEN) IN THE OSCILLATOR. THAT IS NOT MEANT FOR THIS STUDY.
THAT WAS FOR ANOTHER STUDY THAT I HAVE NOT PUBLISHED.

Yorum:

SORRY AS PER TARGET IT SHOULD BE MEASURED FROM AD.
.382 OF AD.
.5 OF AD AND SO ON.