Possible Ending Diagonal pattern in Nifty!

by Dean Market Profile on Saturday, August 18, 2012 in Elliott Wave, Indices, Nifty

Daily Chart

This is another possibility for Nifty, that of an ending diagonal in wave {C} of (B). Right now this is just a wild conjecture to let out the craving for predicting the future, only time will confirm. This view is not in any way the basis for my trading actions as yet.

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

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Saturday, August 18, 2012

Possible Ending Diagonal pattern in Nifty!

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