Is NIFTY doing what it should not? Irregular correction at top ?

This is just an initial thought and i am not going to short right now.. but at the break of 9650 .. ( since the wave 4 cannot overlap wave 1 ) .. keep a watch !!!

Charts attached.. your views..especially if you trade using EW !

There are divergences appearing on the daily chart already ! But since its a life time high .. these kinds of divergences do happen !

There are no other indications right now that we are going to go down drastically from here !

Kommentera:

First indication of weakness? For starters.. and in very light quantity. adding shorts between 9785-9815 .. SL at todays high.. for first target of 9710- second target of 9630..August series !

Trade stängt: Stopp nått:

not sure where this will stop.. channels on weekly are showing that the first real resistance is at 10000 levelss !!. so lets not fight that.. !! Till then position reversed to long !! SL for long now is 9830 .. Target is 10000

Kommentera:

added a few more longs today !