The probability chance for short selling tomorrow.
This is a clear Sharp Zigzag pattern. The price already reached 0.618 for wave ((Y)).
The trader can get a High probability chance for short selling tomorrow with a very small protective stop.
Supports
The Short Seller can use these supports level as the target. I am expecting a Nifty future between these both supports.
Definitely, if I found any clue for a turning point in the nifty future in the range of 17810-17650. I will create a long position for a new high.
((Y)) = ((W)) at 18711 which is still too far and, as per the time-cycle C2 can be after 12th march, 2022.
The trader can get a High probability chance for short selling tomorrow with a very small protective stop.
Supports
- S1- 17810
- S2- 17650
The Short Seller can use these supports level as the target. I am expecting a Nifty future between these both supports.
Definitely, if I found any clue for a turning point in the nifty future in the range of 17810-17650. I will create a long position for a new high.
((Y)) = ((W)) at 18711 which is still too far and, as per the time-cycle C2 can be after 12th march, 2022.
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We are near the target - 17650
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As per TimeCycle, Bottom is out today.