Bull or Bear?
Bullish View:
The c-wave internal structure of the triangle's e-wave, will continue to rise and the possible pattern Nifty is forming could be a Diametric pattern. That would then mean the e-wave of this diametric pattern will continue and the next fall would be the f-wave
Bearish View:
The e-wave ends near the upper trendline (need to monitor the resistances between 11100 and 11150)
And then the fall would start!
The c-wave internal structure of the triangle's e-wave, will continue to rise and the possible pattern Nifty is forming could be a Diametric pattern. That would then mean the e-wave of this diametric pattern will continue and the next fall would be the f-wave
Bearish View:
The e-wave ends near the upper trendline (need to monitor the resistances between 11100 and 11150)
And then the fall would start!
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