Nifty Chart
Nifty chart is showing the possible formation of a possible bearish wolfe wave.
Note that this is a bit early to trade this as point 5 is yet to be formed. Point 3 took 14 bars from point 2.
So one can expect point 5 to be formed in 12 - 15 bars, ie 3 to 6 bars from now on.
Keep this chart as reference.
Once the formation confirms itself, we will lay down all the rules to trade this wolfe wave in this blog.
Keep watching this space every weekend for updates.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
1 comment:
hi..
but plz post with levels as 2dy is expiry day..
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