#Nifty Hourly
Nifty after making a recent swing low around ~18060, did a falling wedge breakout and made a swing high around 18420. Almost 350 points.
It corrected from there to about 61.8% fibo level and made a swing low today around 18200.
The pattern indicates that is forming a flag & pole pattern.
Also, as a learner of EW; my wave count suggest that it was a wave 2 retracement and today's last hour move suggest a start of impulse 3.
The momentum can lead it to the targets marked upside as 100 to 127% extn. , which also coincides with pole length.
Invalidation level is recent swing low; which if price start sustaining below today's low.
It corrected from there to about 61.8% fibo level and made a swing low today around 18200.
The pattern indicates that is forming a flag & pole pattern.
Also, as a learner of EW; my wave count suggest that it was a wave 2 retracement and today's last hour move suggest a start of impulse 3.
The momentum can lead it to the targets marked upside as 100 to 127% extn. , which also coincides with pole length.
Invalidation level is recent swing low; which if price start sustaining below today's low.
Not
Not
Not
Potentially this is the setup for tomorrow 
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.