Current price action in Nifty suggests triangle consolidation for more downside!!!
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Moment of truth, price reached level for last leg of triangle ->
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Looks like market is talking to us now ->
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Looks like we finished 1st wave down and any 3 wave correction could be a sell for further down move. ->
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market is following the idea and coming down in expected wave count...
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updated wave count for down leg ->
Trade closed: target reached:
5 down waves down completed. Trade idea valid , new lows formed!!!