Nifty from a DAILY perspective. There are surprising elements if you have the EYE to see them.
1. From a divergence reading of 55 Nifty fell to 30.6. Then Rose again to 50.3, BUT did not cross the Previous High point. NOW HERE IS THE INTERESTING BIT. FROM 30.6, NIFTY HAS COME LOWER.... BUT THE DIVERGENCE READING HAS NOT BROKEN 30.6... INFACT IT IS 32. What should that tell you ???
2. Am I imagining " AN ENDING DIAGNOL" marked in BLUE ARROWS????? OR is it for REAL ?????. The very same ED took place in an AB 5 wave corrective structure when we Topped in wave 1. No one saw that ED developing then..... NO one sees it now !!!!!!!! Either my EYES are too sharp or I am Imagining.
3. Assuming.... and this is just an assumption.... that we break below the Last swing Low of 16704 or so.... then what next ???? Panic ???? Yes for sure. But REALLY a SCENARIO to PANIC ?????? ""NO""............ Go out and BUY MORE
1. From a divergence reading of 55 Nifty fell to 30.6. Then Rose again to 50.3, BUT did not cross the Previous High point. NOW HERE IS THE INTERESTING BIT. FROM 30.6, NIFTY HAS COME LOWER.... BUT THE DIVERGENCE READING HAS NOT BROKEN 30.6... INFACT IT IS 32. What should that tell you ???
2. Am I imagining " AN ENDING DIAGNOL" marked in BLUE ARROWS????? OR is it for REAL ?????. The very same ED took place in an AB 5 wave corrective structure when we Topped in wave 1. No one saw that ED developing then..... NO one sees it now !!!!!!!! Either my EYES are too sharp or I am Imagining.
3. Assuming.... and this is just an assumption.... that we break below the Last swing Low of 16704 or so.... then what next ???? Panic ???? Yes for sure. But REALLY a SCENARIO to PANIC ?????? ""NO""............ Go out and BUY MORE