Nifty almost made a double bottom (5638.90 & 5640) yesterday, as seen in hourly chart.
Nifty also appears to have completed the 4th wave with this as a double zig-zag. Now market can move up to complete the wave 5 of wave 3 of wave c.
Daily chart:
Hourly chart:
As usual - our study of ATR vs. market is shown in the below chart. We can see that ATR crossed its trigger line and moved up yesterday.
Nifty also appears to have completed the 4th wave with this as a double zig-zag. Now market can move up to complete the wave 5 of wave 3 of wave c.
Daily chart:
Hourly chart:
As usual - our study of ATR vs. market is shown in the below chart. We can see that ATR crossed its trigger line and moved up yesterday.
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