Join The Community

Search

Friday, 18 October 2013

Nifty H1

General Overview  for 18/20/2013:

The corrective wave 2 purple must has been finished sonner that I have expected and Nifty index had made a new high now.
Nevertheless, the overall momentum for wave (i) is diminishing now and soe sort of correction is needed. The Key Level for the corrective cycle bottom is 5900. If this level is broken, then price might test the GAP level and oveall correction will become more complex.

Support/Resistance:
6275 - WR1
6065 - Weekly Pivot
5986 - WS1
5900 - Key Lecvel
5775 - WS1
5696 - WS3

Seb

IF YOU LIKE MY ANALYSYS PLEASE VOTE FOR ME ON “ANALYST OF THE YEAR” CONTEST

It is free, simple and easy to vote for me!

This is what You have to do:
1. Register on MT5.COM forum here: http://www.mt5.com/Register/
2.Click on the link:
http://www.mt5.com/forex_analysis_award/profile/index/elliottfxtrade
3. Click on RAISE UP

THIS IS IT!
BIG THANK YOU TO ALL!
— feeling determined.



0 comments:

Post a Comment

Note: only a member of this blog may post a comment.

 
Don't Forget To Join US Our Community
×
Widget