This a special update for my readers...
Nifty structure on daily chart has been 45 days rise and 45 x 1.618 = 72 days fall.If we are looking to repeat this structure then I am looking at a rise of 45 days.Current rise is a pattern of 5(up)-13(5x2.618) a complex correction again 5 day up and 5 day sideways ...today is 5th day again critical for this trend...also looking at the fib we are 0.618 x 45 = 28 day and today again 28 th day of this rise...so todays high and low will set the trend for remaining 0.382 part of this 45 days...my twobits......now the bottom on Nifty was 4757 and earlier top 5630 from where we retraced...so fall of 873 points..0.618 is 539 points..so 4757+539 = 5296 which will be critical for this trend..i.e. price equals time so do we get a CIT change in trend ...I will be watching it critically.....again my two bit...
Happy Trading!!!
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