On Nifty there are two potential Wolfe Waves (WW). Both shown in the chart below with the expected imaginary points that will be defined within two to three days...
Trade Setup
For Bulls - Fresh longs can be initiated at thin red TL (roughly 5820) for a target of 5971+ SL 5776.
For Bears - Shorts can be initiated close to Red UTL with SL above Blue TL for a target of 5820, 5636, 5500, 5350.
Trade Setup
For Bulls - Fresh longs can be initiated at thin red TL (roughly 5820) for a target of 5971+ SL 5776.
For Bears - Shorts can be initiated close to Red UTL with SL above Blue TL for a target of 5820, 5636, 5500, 5350.
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