RichardGere

I don't trade Nifty and this is the first time I am seeing a Nifty chart. A little surprised that it has many price gaps. I have traded Chart Patterns about 15 years ago and was only mildly successful. But this chart is interesting. Here are my comments purely from a Chart Pattern trading point of view. PLEASE NOTE THAT I AM NOT AN EXPERT NOR DO I CLAIM TO BE. THE FOLLOWING ARE JUST MY COMMENTS. The Double Bottom (DB) is still in a pending state as the price can go down further although it appears to have reached a S&D zone. It is a M shaped DB instead of a W shaped DB. Increases the possibilities of some Harmonic Patterns forming that will provide some confluence for the turning point. If the price does go down lower than the left trough and then goes up again and then form another pivot, it shows possibility of stop loss and sell stop hunting. (liquidity sweep?). This shows the possibility of Smart Money is in play and increases the possibility of Smart Money will bring the price up. The last downward wave shows a possible Elliott Wave 5 wave Impulse. Wave 5 of this 5 wave Impulse also shows that it has its internal 5 wave near completion (5 wave of 5). To test the completion of Wave 5, you can check (using the daily chart) if there is a divergence between price and indicator, possibly using an ElliottWave Osc or any Oscillator ie Stochastic. Because of the existence of this 5 wave Impulse wave, it might be preferable to trade from a Elliott Wave methodology while having the knowledge that Double Bottom is providing some support to the price movement. If Harmonic pattern is also detected, it increases the potential of a possible reversal. If Wave 5 is deemed to have completed (via a divergence), trader may choose to enter (per AdancedGET style), a Linear Regression channel is plotted for the last wave. Enter when price crosses over the Linear Regression upper band. To find tune entry, go to the H4 or H1 to enter. This reduces the risk and increase the R:R SL is set as below the trough and 1xR is calculated from SL to Entry (on Daily chart). Money and risk management is dependent of the trader's personal preference.

Thank you kesk and banker2882

Thank you. Interesting. I will test this.

Thank you Kesk and Banker2882 for always helping this community. This update has a major update - Timing Solution Forecast Protocol - TSFP. 🙏🙏🙏

Thank you kesk and banker2882 for helping with this community. Do most appreciate it. 🙏🙏🙏

Maybe you should consider joining the GB at clubbingbuy. It is still pending 3-4 participants.

Thank you kesk and banker2882. Really appreciate this help to the community. 😉😊🥰

THANK YOU kesk and banker2882

Link is working. Perhaps for your browser, you need to manually replace the characters hxxps://.... to https://.....

Thank you Kesk and banker2882. Most appreciate for all your efforts.

Which reseller did you bought this from?

I can't post right now as I don't have my archives with me. Will do it when I return to work.

Thank you kesk and banker2882 🙏

Is it possible that attached files can be accessed by members with VIP status only? I checked through the previous posts and seems those who can't access the attached files are non VIP. Perhaps the Admins can confirm this.

The 3rd posts above yours.