Possible triangle formation for further down leg
Updated
Current price action in Nifty suggests triangle consolidation for more downside!!!
Note
Moment of truth, price reached level for last leg of triangle -> Note
Looks like market is talking to us now -> Note
Looks like we finished 1st wave down and any 3 wave correction could be a sell for further down move. -> Note
market is following the idea and coming down in expected wave count... Note
updated wave count for down leg -> Trade closed: target reached
5 down waves down completed. Trade idea valid , new lows formed!!!
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