Intraday Traders of Nifty Fut: Must Read This!
NIFTY FUT is preparing for the final wave 4 of wave (C). After the completion of wave 4, traders can buy for the following targets: 25,432 – 25,600 – 25,800+.
Presently, the price has been forming the sub-structure of wave 4. We expect the price to reach a minimum of 38.2% of wave 4 at 25,218. That makes it inappropriate to buy fresh contracts of Nifty futures. Note that the price will surge rapidly after the breakout of 25,430. Traders can expect the price to move at least up to 1.618% at 25,719.
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You are right, but keep in mind that such behaviour and price reaction to those events are already in the chart, in its very own fractals, in its nature.
so we reached the first projected target and can now expect a drop?