#Nifty || 15th July 2022 || Falcon Trader Analysis for #Nifty50

Nifty moved as per Falcon Waves, and almost all our levels were correct with Target Line (Purple Horizontal Line) was also achieved.

By now you know that market moves in zig zag fashion, to form higher lows or lower highs, now Nifty needs to move up and form a lower high, and this will mark Falcon Wave 4.

Clear Chart:




US Markets are not looking great and might bleed. I had shared Dow Jones chart few days back, and some downward pressure is there - and pending waves left.
For crypro - I am still looking for up move, however we will get good shorting opportunity and same correlates with Nifty too.

Some key points to keep in mind,
We have already reached 23.6% for wave 4 today (13th July 2022) so we might just get some more to complete 38.2% or we start going down from flat opening tomorrow.

Once you know this, you know what to do.

Next after wave 4 is wave 5, that will have 5 waves down - will be interesting!