78.6% retrace of 15962-15579 fall is "15880", high is 15876
Bearish view remains
However, the structure from 15579 to 15876 is of 5 waves & not "abc"
However, we keep a sl below 50% retrace of this rise @ 15728
Presently (2)nd wave unfolding holding "15725"
Keep both options open
Bearish view remains
However, the structure from 15579 to 15876 is of 5 waves & not "abc"
However, we keep a sl below 50% retrace of this rise @ 15728
Presently (2)nd wave unfolding holding "15725"
Keep both options open
Whenever you find 2 scenarios in play, wait for "resolution"
Aggressively, you could initiate a trade at critical reversal zone
For Eg: Rise fm 15769 was part of (iii)rd as per 1 scenario and 1st of that would pause at 15864-884 as per pivots. you sell & cover @ ivth, 15769
Aggressively, you could initiate a trade at critical reversal zone
For Eg: Rise fm 15769 was part of (iii)rd as per 1 scenario and 1st of that would pause at 15864-884 as per pivots. you sell & cover @ ivth, 15769
Don't think much. Plan based on simple objective observation of price pattern. Don't imagine things.
When you find a compelling pattern, initiate a trade, knowing fully that if fails, your risk is INR. xx & acceptable & then, plunge. Key in your target or an amt & end the trade.
When you find a compelling pattern, initiate a trade, knowing fully that if fails, your risk is INR. xx & acceptable & then, plunge. Key in your target or an amt & end the trade.
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