Watch bank nifty from tomo onwards
According to Elliott wave theory, a b and c waves of correction has completed in lower time frames upto 3h
But we can see b wave of short uptrend in bank nifty
I have shown the expected targets according to b wave prior to Fibonacci retracement levels
Yellow trendline is valid on 15 min,30 min,45 min,1hr, 2hr, 3hr time frames . Go long when this yellow trendline is broken
Also red trendline is valid on 4hr and 1D time frame
Breaking this trendline is also stronger uptrend indication.
But for now till these trendlines are broken , go short with stoploss prior to the trendline shown.
Have a happy and profitable trading days ahead.
According to Elliott wave theory, a b and c waves of correction has completed in lower time frames upto 3h
But we can see b wave of short uptrend in bank nifty
I have shown the expected targets according to b wave prior to Fibonacci retracement levels
Yellow trendline is valid on 15 min,30 min,45 min,1hr, 2hr, 3hr time frames . Go long when this yellow trendline is broken
Also red trendline is valid on 4hr and 1D time frame
Breaking this trendline is also stronger uptrend indication.
But for now till these trendlines are broken , go short with stoploss prior to the trendline shown.
Have a happy and profitable trading days ahead.