I missed a leg in expanding diagonal. but fortunately I doubted it and adjusted the count as below
Now it has to reache the red marked horizontal line in no time to see the power of this diagonal pattern
View attachment 36044
Banknifty As expected it reached the horizontal line and completed small 5 wave move and then proceeded with abc correction and now that abc correction looks complete, to me. It might reverse sharply at any time from now for pull back up.Lets see
I searched all over internet and I think I found out the reason. Ashwini Gujral recommended it for buying on 4th July and since then it started falling.
Wait a minute! I just seem to have discovered a new way of trading!
Banknifty As expected it reached the horizontal line and completed small 5 wave move and then proceeded with abc correction and now that abc correction looks complete, to me. It might reverse sharply at any time from now for pull back up.Lets see View attachment 36084
I dont understand why you have attached ashwini gujral related comment in this message. are you trying to mean when i say UP it goes DOWN and vice versa ?
Yes I am saying Up side is the probability in banknifty because I am convinced with my count in 1 min time frame for now and reversal of 200+ points might happen sharply once it breaks above 30561. I could be wrong but that is just my view based on my analysis