Possible Targets of Nifty Sniper
Updated
the detail is shown in the above Chart.
I made this Idea based on Harmonic pattern using Fibonacci tools.
The Crab pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D.
Key elements of the Crab pattern:
The pattern can display rapid price action movement, and that often results in fast reversals at the PRZ.
I made this Idea based on Harmonic pattern using Fibonacci tools.
The Crab pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D.
Key elements of the Crab pattern:
B point that is a 0.618 retracement of XA or less
extreme BC projection that is typically a 2.618, 3.14, or 3.618
alternate 1.27 or 1.618 AB=CD pattern required
1.618 XA projection as the defining limit with the structure
C point with range between 0.382 and 0.886.
The pattern can display rapid price action movement, and that often results in fast reversals at the PRZ.
Trade closed: target reached
Note
"Oh, the weekly fluctuations of the Nifty index, tracing the trend lines and tapping into the golden Fibonacci levels. It resembles a captivating dance between the bullish and bearish forces, infused with the distinctive Fibonacci charm. We'll observe whether this dance results in a market downturn or an elegant recovery. Keep an eye out for the next development in this financial performance!"
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