Scary structure in bnf, atleast 20% to 50% correction coming up.. invalidation strong close above 0.618 level on weekly basis.. activation price close below orange line..addtnl reasons, triple negative divergence in rsi and multiple failure to stay above 0.618.
Prices closed above trend line, so expect a new high
Possibility wise sensex may have completed wave 2today at 61.8% of previous fall. And conincidently that came on 55th bar. So untill and unless today's high is crossed, sab becho aur nikal jao. And lastly I'm not a sebi registered analyst. Toh risk v apna apna aur Ishq v apna.
Till the time IDEA is above this lower green line, for me "sab changa si". Can do wonders like my previous posts. Expecting a master blaster rally within next 2 weeks. And as always, this one is not for investment, consult your financial advisor before making any investment. lastly market me risk v apna aur Ishq v apna.
This script is ready to start it's larger time 3rd wave, and can do triple from here
may be we are in last leg of this rally, so for tomorrow considering gap up scenario this is what I'm expecting, overall short is not advisable. and expecting market to top out on Friday or Monday. Im not an SEBI registered advisor, so risk v apna apna aur ishq v apna apna, happy trading
Sensex has closed below it's most important trend line, if within this or next week it fails to regain its lost levels, expect it to crash, personally I'm expecting a rebound in wave 5. And then larger correction and crash starting from November/december to 2023 mid
200+ points gain from previous mention, it can simply reverse from its larger tf octave, trend change will happen again and will show lower targets of it enters the violet channel, so this channel is the trend decider now.
1) As per gann square it has taken support and reversed from octave level 2) as per Fibonacci cycle it has reversed on important fibo period. So expecting it to bottom out, (For study purpose only not for investment)