Details provided on charts
Movement of Dow impacts the Nifty and BNF , so traders always try to analyse DoW to predict Nifty movements
Dow may witness an interesting harmonics .. take it with a pinch of salt, as harmonic pattern is not yet formed and trying to guess how harmonics will form is like trying to predict a path for DoW.. usually that never comes out true :)
Having said that nothing wrong in taking chances
Happy Trading
Movement of Dow impacts the Nifty and BNF , so traders always try to analyse DoW to predict Nifty movements
Dow may witness an interesting harmonics .. take it with a pinch of salt, as harmonic pattern is not yet formed and trying to guess how harmonics will form is like trying to predict a path for DoW.. usually that never comes out true :)
Having said that nothing wrong in taking chances
Happy Trading
評論:
The logic of above gets invalidated if price crosses 26215 , that is B point. So till the point, it doesn't breach B - the assumption still holds true