π§΅ How even the experienced traders get trapped in some situations believing that the trend is in their favorable direction? π€
This is from my thousands of hours of back testing result as an EVT practitioner. Please read π
Tomorrow's nifty view. Possible open near 25330-25350, chances of decline to 25200-25150 in the first hour. Entry at the zone and exit at wave 3 termination at 25650 swing (25476 intraday). Caution if the first 2 hour candle closes below 25192.
@EgoWithEdge Once I made 50 Rs from an online game and raised it to 300 Rs. I withdrew the amount and traded a zero hero expiry setup in Nifty, buying OTM at 2.30 and selling at 100 to earn 11,700 from 300 Rs. After 45 days I raised it to 65k. Everything is possible if you know where to bet.
@sunilgurjar01 Still in wave 4, and wave 4 is always troublesome as itβs a flat correction in most cases. 25382 and 25476 are wave 3 termination levels, but wave 3 may advance to 25750 if todayβs low holds and todayβs high breaks tomorrow.
@Shyam_Nair_ Minor degree C of wave 4 terminated at 423% extension at 25097. Close at 25255 means wave 5 is in progress towards 25750 levels. I am bullish here and will create my swing position in the morning.
@OptionTrading03 Market in minor degree has terminated wave C of 4 at 423% extension at 25097 and closed at 25255. Now itβs progressing wave 5 towards 25750 levels.
@Shyam_Nair_ Next minor degree wave 5 is possibly terminating at 25739-25750. 25422 was the wave 3 termination and a wave 4 flat correction is underway. It should complete the ending triangle by today's close or tomorrow morning's first hour.
@kyalashish Nifty minor degree wave 3 is in progress and should terminate at 25422 (max 25500). Expecting a wave 4 flat correction within the 25286-25422 range. By noon, wave 5 BO is expected; wave 5 can extend to 25739-25750, possibly in a 4-5 market day cycle.
Nifty minor degree wave 3 is in progress and should terminate at 25422 (max 25500). Expecting a wave 4 flat correction within the 25286-25422 range. By noon, wave 5 BO is expected; wave 5 can extend to 25739-25750, possibly in a 4-5 market day cycle.
This garbage @tradingview actually going to shit.
I'm cancelling my plan.
π You TradingView.
Piece of shit software that charges so much and can't even display a damn daily bar and ruins the mobile app with vibe coding garbage.
Company is run by idiots.
@nifty_ki_call It seems wave 3 is terminating there. If so, wave 4 would be a flat that benefits the writers for weeks, or it could be a zigzag ABC with an advance extension of wave 3 to 461%. In that case, wave 3 should terminate at 26500-26600 levels, I reckon.