Bull or Bear?
Bullish View:
The c-wave internal structure of the triangle's e-wave, will continue to rise and the possible pattern Nifty is forming could be a Diametric pattern. That would then mean the e-wave of this diametric pattern will continue and the next fall would be the f-wave
Bearish View:
The e-wave ends near the upper trendline (need to monitor the resistances between 11100 and 11150)
And then the fall would start!
The c-wave internal structure of the triangle's e-wave, will continue to rise and the possible pattern Nifty is forming could be a Diametric pattern. That would then mean the e-wave of this diametric pattern will continue and the next fall would be the f-wave
Bearish View:
The e-wave ends near the upper trendline (need to monitor the resistances between 11100 and 11150)
And then the fall would start!
Related publications
Disclaimer
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.