Here you can see the pitchfork tool applied, as u can see that Nifty has touched this pitchforks median line from below and taking a resistance from it. This is the final 5th wave resistance. For further more elaboration, here are two ways I applied this tool:
1. In this particular snapshot, I touched 3rd pivot of this tool on the 7th April 2nd lowest pivot on hourly TF.
2. And yesterday prediction was based on this same tool but the 3rd pivot of the tool was on 7 April lowest pivot means on 21742.
Thats why there is a slight difference between these two median lines from two different ways of applying.
As u can see nifty has taken support on this line multiple times and forming a wavy structure around it
1. In this particular snapshot, I touched 3rd pivot of this tool on the 7th April 2nd lowest pivot on hourly TF.
2. And yesterday prediction was based on this same tool but the 3rd pivot of the tool was on 7 April lowest pivot means on 21742.
Thats why there is a slight difference between these two median lines from two different ways of applying.
As u can see nifty has taken support on this line multiple times and forming a wavy structure around it
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.