Educational purpose only: herein TATA steel has marking Expanding Triangular pattern at wave ((B)) position. It was a very rare scenario . Only 5% possibility for this type of correction. And same time wave ((B)) Retracement has been completed 50 % of a wave ((A)) with Expanding Triangular.. here Metal index formed FLAT correction.. this on of the main confirmation. Why I am saying this TATA stell main contributor to Metal index. * Fib proportion 50% of wave A * Second confirmation Metal index flat correction beginning. * Clear pattern. * Quality of the wave formation. Perfectly identical pattern. * It right time to short trade. *Support level 920-880. Now we target to wave ((C)).
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Update for Enter a trade .... Similar time frame wave counts are mentioned in this snapshot Enter a trade for short 1350 -1375 Target level minimum = 1220 may be go long....
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