Current View
As already discussed:
If the market breaks out or consolidates around the rejection zone, we can expect a further rally continuation towards a minimum of the 78% Fibonacci level —
On the other hand, if the market faces rejection and breaks the 38% Fibonacci level of the minor swing:
Then we can expect a minimum correction of 50% to 78% in that minor swing.( to use fib
(Bank Nifty: Low to High – 55,779 to the upcoming high
Alternate View
If the gap-up doesn’t sustain and the market breaks the 38% Fibonacci level of the minor swing:
Then again, we can expect a correction of at least 50% to 78% in the same swing..( to use fib
(Bank Nifty: Low to High – 55,779 to the upcoming high
As already discussed:
If the market breaks out or consolidates around the rejection zone, we can expect a further rally continuation towards a minimum of the 78% Fibonacci level —
On the other hand, if the market faces rejection and breaks the 38% Fibonacci level of the minor swing:
Then we can expect a minimum correction of 50% to 78% in that minor swing.( to use fib
(Bank Nifty: Low to High – 55,779 to the upcoming high
Alternate View
If the gap-up doesn’t sustain and the market breaks the 38% Fibonacci level of the minor swing:
Then again, we can expect a correction of at least 50% to 78% in the same swing..( to use fib
(Bank Nifty: Low to High – 55,779 to the upcoming high
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.