NIFTY 50 future TRENDS

[timepass]

We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.
Plato 428 BC-348 BC

Too much philosophizing, that's what is occupying ur time

 

[trade4joisar]

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The nice thing about TL breaks is that a 2nd chance is given to take advantage of the situation. If we do get the break, then the market will correct back to 4730, and that would the entry for the move north.

If we do get the break then market will correct back to 4730 ?

Here which TL you are talking about

 

[LivetoTrade]

If we do get the break then market will correct back to 4730 ?

Here which TL you are talking about

If Nifty moves further north, it will still correct back to 473x levels, and then continue the north move.

 

[trade4joisar]

If Nifty moves further north, it will still correct back to 473x levels, and then continue the north move.

And if not then, i mean what happened today?

 

[LivetoTrade]

And if not then, i mean what happened today?

4xpip's words : The reindeer might be playing games with head fakes before they deliver the goods.

Meaning, south move continues.

Please see this post and chart too - http://www.traderji.com/commodities...ver-crude-oil-natural-gas-154.html#post622762

 

[Sultaan]

hmm short guys all wanna know if mkt will come back soon even if it raallies, they dont want to let go short positions at any cost, precarious retail mentality...

 

[msa5678]

hmm short guys all wanna know if mkt will come back soon even if it raallies, they dont want to let go short positions at any cost, precarious retail mentality...

This Quote is going to start a big discussion soon...

 

[4xpipcounter]

The descending one. It's knocking on the door to break it. The level is now 4718. And yes, if we get the break, then the market will correction back to 4718 before the correction is finished.
The UP black should be fully corrected to at least 4896 on this correction.

If we do get the break then market will correct back to 4730 ?

Here which TL you are talking about

 

[LivetoTrade]

The descending one. It's knocking on the door to break it. The level is now 4718. And yes, if we get the break, then the market will correction back to 4718 before the correction is finished.
The UP black should be fully corrected to at least 4896 on this correction.

Do you now mean that we will see 4896 before we continue the downtrend?

Or is it that the 493x level has now fallen to 4896?

 

[4xpipcounter]

Up to this point, the WS1 has contained the downside. The bounce off it brought it to the WR1. Uusally that substantial of a mvoe means the trend has switched. TL's are always hard to break, yet when they are, the move is huge. This is part of the indecisiveness of the market, and the reason we see the markets inability to get any traction going either way, up until now. That will break, and eventually you see a huge move, which will be either a break of the cloud, or the strong bounce off the TL, which would mark an exception to the S&R rule (The exception is seeing an S1, then an R1, then the S1 hit in the same time period. In this case it would be the weeklies hit this week.)

The nice thing is that a trading opportunity will present itself, either on the break and recovery back to the TL or the dip going further to the WS2 if not a little lower.

And if not then, i mean what happened today?