Timeframe: 2h
In accordance with our earlier analysis, the NSE NIFTY index had been undergoing a corrective pattern, and our trading strategy was centered around selling positions with a target of up to 38.2% retracement level.
However, the latest market developments indicate a reversal in price movement from the 38.2% retracement level, and the index has started to trend upwards towards higher levels.
We will provide further updates and insights regarding the market trends shortly.
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Your wave analysis is spot-on, thank you for the valuable insights