#Nifty || 21st July 2022 ||Falcon Trader Analysis for #Nifty50

Nifty formed the weekly green A, and now we are looking at down in B and up in C.

Overall - for now, we can say that there is good upmove - but this will eventually come to an end for some retracement.

Falcon Wave count - has not changed so far, the overall concept of ABC waves etc. has worked, and nothing has changed.

What changed? - The green A move to 16500-16700 zone was not anticipated by me. The green A comprises of blue ABC. The colour coding by me is for everyone to understand. I keep green for weekly and blue for daily time frame waves.

Now looking at this, the blue ABC was there, but the wave C of blue was actually fast and elongated for me and this analysis was missed. However, during trading Falcon trigger line method, Falcon CCI and Falcon HA candle system helped me. Falcon CC indicator is free on Trading View.

Now I am looking at slight squeeze and then down for wave B.

You will get daily chart here from me, on Falcon Waves as long as you are following me on Trading View

Make sure you do not miss any analysis.

Clean chart