#Nifty || 22nd July 2022 || Falcon Trader AnalysisI will post some detailed description on Falcon Trigger Line method as an educational post, but basic concept is like this:
When we anticipate trend reversal, e.g. right now trend is up and we want to short this market, or we are expecting a reversal, the best method is to use Falcon Trigger Line Concept.
Shorting Scenario: Take the short when red candle closes below previous (one candle before) solid green candle (not doji like)
Long Scenario: Take the long when green candle closes above previous (one candle before) solid red candle (not doji like)
This + price action eventually helps in right decision. On top of that rules like never go against HA candle / follow the trend / use stop loss / manage risk are basics of trading if you are serious about it for long term.
Having said that, Falcon Waves is one of the most important methods here and each top or bottom conforms with Falcon CCI and Falcon trigger line method.
If my wave count or analysis is wrong or does not reflect in market, please bear in mind we are working with HA, and Falcon CCI and Falcon Trigger line method always.
My count has not changed, I am still waiting for this wave C to finish.
Now I have added wave counts within wave C - should have done earlier, this is light pink colour inside wave C
Happy Trading!
Clear Chart:
