Sunday, August 26, 2012

Nifty Wave Scenario Aug 27 to 31, 2012

With the neutral triangle in wave 2 and with wave 3 beginning right on cue, we seem to be progressing satisfactorily towards wave 4 and 5 of this wave C of the diametric leg D.
This then is our preferred counts for the week, unless the market communicates otherwise....

 An analysis using Fibonacci time zones, retracements and Gann lines...

Here is the retracement on the hourly...

Whether it is wave counts or astro projections, unless the price moves in the anticipated direction and confirms all positions are dangerous. However sure we are do not ever trade without a stop loss.
Have a wonderful week of trading. Do post your comments-that sure as heavens, enthuses me and keeps me going!


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