#Nifty During Market count change

FOMC meeting rate hike 75bps is what market expected, a rally to complete and make a local top?

I think monthly wave 4 is finished here at almost 50% retracement - looks fishy?

For now wave count has changed.

You have to follow rules in this market and rules like HA candle, Trigger line will always work.

Always use stop loss.

The entire rally suggested that weekly green ABC is done.

I will wait for price to fall below previous green candle, or I will need a red candle on Heikinashi chart to start a confirmation of down trend. Till then scalpi opportunities continue.

Kommentera:

Weekly new count
Considering a long wave 1 on monthly as current up move looks like wave 2. It changes overall perspective.