NIFTY FORMING EXTRACTING TRIANGLE
Updated
On TODAY (15/03/21) NIFTY completed its 4th leg(waveD) of the Great NEO wave's EXTRACTING TRIANGLE pattern
This is a TERMINAL pattern which has 5 legs(marked in yellow) ,
The uplegs (A,C,E) are shorter than previous, and Down legs(B,D)are larger than previous legs.
This phenominal distribution pattern Iis tricky for traders and those understands well can make more Money after it completes its 5 th leg E
GO short in NIFTY near 15138 on 17th march for a target of 14372 (A)=(C)
Neo wave time cycle allows me to find the DATEs of terminus also for easy entry and exit.
For a profitable trade setup it is worth waiting for RIGHT TIME.
SELVAM B
option buying strategist
No wave practioner
This is a TERMINAL pattern which has 5 legs(marked in yellow) ,
The uplegs (A,C,E) are shorter than previous, and Down legs(B,D)are larger than previous legs.
This phenominal distribution pattern Iis tricky for traders and those understands well can make more Money after it completes its 5 th leg E
GO short in NIFTY near 15138 on 17th march for a target of 14372 (A)=(C)
Neo wave time cycle allows me to find the DATEs of terminus also for easy entry and exit.
For a profitable trade setup it is worth waiting for RIGHT TIME.
SELVAM B
option buying strategist
No wave practioner
Comment
NIFTY is moving as per my analysis. One day left (17/3/21) for wave E to move UP. Wait for Thursday so that option premium will come down.
Buy NIFTY 15000PE/25TH MAR EXP. CLICK the below link for EOD CHART
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