#banknifty view for 2nd Sep'21 #expiry
The first word that comes to my mouth is the FOMO effect followed by perfect hammering.
Bearish PIN Bar on the daily chart and can be the nail in the coffin for the bulls.
Check 19th Feb'21 daily chart and followed up selling, pls check on the chart.
If I am right, ABC correction in progress, downside targets 100%, 138% & 161.8% of wave A and extended targets is 2.618 % (levels of chart)
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
The first word that comes to my mouth is the FOMO effect followed by perfect hammering.
Bearish PIN Bar on the daily chart and can be the nail in the coffin for the bulls.
Check 19th Feb'21 daily chart and followed up selling, pls check on the chart.
If I am right, ABC correction in progress, downside targets 100%, 138% & 161.8% of wave A and extended targets is 2.618 % (levels of chart)
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
