So it was a near perfect journey for Nifty wherein the SHARK first did its target of 5973 and then turned down to initiate fresh pattern of higher degree
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I was expecting the downmove from 5973 to remain limited to 5882-5900 but it went to do 5872 increasing the probability of testing even 5856(1.13) and 5842(1.27).
Whether it reverses from here or from 5842 -- I cannot say but this reversal would be doing a good 200 points to test 6040-6080 is my belief.
.png)
.png)
I was expecting the downmove from 5973 to remain limited to 5882-5900 but it went to do 5872 increasing the probability of testing even 5856(1.13) and 5842(1.27).
Whether it reverses from here or from 5842 -- I cannot say but this reversal would be doing a good 200 points to test 6040-6080 is my belief.
.png)
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