Expanding Triangle has been achieving exact length of the move
Rise from 29th August to 13th Sept is just shy of 123.60% retracement of the previous fall
Similarly rise from 16764 till today high is just shy of 123.60% retracement of previous fall.
Today's high touched the rising trendline making it the 3rd touch point.
Can we see a move upto lower end of the expanding triangle in next 10 trading sessions - that might be asking too much and we will stick to the 61.80% retracement level of 17380 of the rise.
However, market is supreme and will do whatever it thinks fit.
Rise from 29th August to 13th Sept is just shy of 123.60% retracement of the previous fall
Similarly rise from 16764 till today high is just shy of 123.60% retracement of previous fall.
Today's high touched the rising trendline making it the 3rd touch point.
Can we see a move upto lower end of the expanding triangle in next 10 trading sessions - that might be asking too much and we will stick to the 61.80% retracement level of 17380 of the rise.
However, market is supreme and will do whatever it thinks fit.