In the post that was for today 25th July 2022, Link below (Nifty - what next? July Month Expiry - I had mentioned that we are looking at some local top to be formed.
Having said that - there are technical analysts who are looking at bigger trend move up in 5 waves.
While we still hold Falcon Wave - where green A weekly wave was formed, and now going down in weekly green B wave.
This needs to be done either in 3 wave or 5 wave.
The three wave scenario, blue ABC, has 5 waves down to form blue A of daily TF.
This is shown in the chart and most likely true where wave 2 is formed.
We will get more clarity in next 2-3 days.
Happy Trading!
Having said that - there are technical analysts who are looking at bigger trend move up in 5 waves.
While we still hold Falcon Wave - where green A weekly wave was formed, and now going down in weekly green B wave.
This needs to be done either in 3 wave or 5 wave.
The three wave scenario, blue ABC, has 5 waves down to form blue A of daily TF.
This is shown in the chart and most likely true where wave 2 is formed.
We will get more clarity in next 2-3 days.
Happy Trading!
노트
Important to mentioned we had clear price trend change on vertical red lines노트
In Falcon Waves We simply follow the higher time frame trend, and then see to achieve it are we using a 3 wave structure or 5 wave structure
a 3 wave structure typically is ABC waves
and 5 wave structure is 1,2,3,4,5 waves
Now keeping a 3 wave structure intact - we can still have 3 or 5 waves within waves
E.g. Blue A was made in 3 waves, Blue B was made in 3 waves and Blue C was made in 5 waves
Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
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Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.