A simple price action strategy explained for SGX NIFTY Same can be applied to indian NIFTY too. Explanations; Origine of engulfing (peak) formed at 18621 First drop from peak completed with climax (5waves) indicating SHORT TERM REVERSAL . Now ,recovery to resistance Level (minor SR) is nearing to complete at 18123. What next? Selling will resume and drop in price till it reaches the base, in Drop ,Base,Drop (3waves) form as i mentioned. please note that this is my view based on PURE PRICE ACTION theory
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.