#Nifty || 19th July 2022 || Falcon Trader Analysis for #Nifty50

Brutal and totally not planned green A (with blue ABC) show in the chart.
In one month or about 20-25 trading days we should change our counts max one or two times. If we achieve this then success is ours.

I will explain step by step on what is on the table,

Monthly Wave counts shown in Weekly Time Frame Chart:

Falcon Waves move in ABCDE format marked in white
Monthly chart waves marked in Orange
We are in wave 4 going up in green ABC (weekly) followed by 5th Wave down

Weekly Wave counts shown in Daily Time Frame Chart:
We have to finish Wave 4, (This was also shared earlier)
In this, we are moving in ABC format to complete this.
Weekly A shown in green now stands completed with blue ABC - ? Need confirmation on Tuesday
So blue ABC to form green A - this was our logic from the start of this up trend

Now what?
Scenario 1: If green A is finished because blue ABC is done and green A is done, then we move down to form green B)
Here is 1H chart for that:

If this chart is too much for you, then just see blue ABC that is daily wave count, and dark pink is internal of this blue waves.

Why we changed count?
Because today waves went above previous start indicating that green A was formed today, vertical trend change line also worked.

評論:

We will get more clarity in a day or two. Focus should be on level to level trading with simple trend follow.