Nifty -- Potential Bearish Gartley -- Bulls be careful !!!

Hi,

A potential bearish Gartley pattern completed on nifty with RSI divergence.

Price action may give us a nice opportunity for an extended target which will be the completion bigger BAT pattern in the picture.


Target 1 - 10713
Target 2 -10601
Target 3 - 10421
Target 4 (extended, completion of bat pattern) - 10065

Trade with care,
Gulz.

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price action broke the rising trend line

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i'm on learning stage of elliot wave theories, but one thing -- if nifty on 5th wave and if reversal happens from here based on this pattern, there is a high probability that a truncated 5th wave will initiate sharp fall and coming days will b in favor of bears.. lets wait and see.

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Not bad !

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broken 10800 level

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Last low @ 10755.45

Happy weekend & Eid Wishes to All

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TP1 Hit

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channel broke

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Going well

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TP2 Done, Last Low @10566

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