I see Indian Nifty at 14200 (Logarithms) and 13800 (Regular) scale Bears will be super active Below 17070 levels & long will be active above 18000 levels and I assume 95% probability of Nifty going to these lower levels in 60-70 days !!
* for educational purpose , Trade at your own Risk !!
thanks bro.. similar analysis i did when market was at 17500 whn evryone was shouting ATH i was like 13.5 to pakka aanewala hai.
iamshivampandey
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i trade in nifty and even i see the harmonic patterns in bigger timeframe xabcd waves for short but would an all time low is possible as the wave has approached in a steady manner and looking at monthly timeframe it doesn't look like new low is possible? it looks you have spent more time in the markets so i want to know more from you....
iamshivampandey
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could you please elaborate more the waves projection.... and what are these logarithms ?
VishalSancheti
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@iamshivampandey, Hi I am looking for ABC correction from current levels consisting of 5-3-5 waves ..