nifty trading tips

Normally I don’t prefer to trade with a heavy position at 5th wave especially, whenever the 3rd wave is extended. In this case, we’re moving toward forming the 5th Wave.

I have already predicted 5wave of A, B, and C by using future expected retracement.

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Corrective Wave 2 is slightly higher than 50%.
The key learning here is Wave 3 important retracement levels as 261.8% at 12050 nearby and 11516 at 227.2%.

Impulsive Wave 3 is extended. When Wave3 is equal to 161.8% or more than it, it’s called as extended wave 3. In this case, you can see Wave 3 is extended. This is really important, because its decide wave 5. Wave 3 between the 261% to 227.2% ended.

Generally, Wave 4 traveled 38.2% to 50% in most of the case. More likely, expected fall or Wave 4 can be in rage of 11530-10070 before starting 2021.

Breaking down parallel channel will clear sign of corrective wave 4.

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