Good morning, friends! 🌺🍬 Here are the directions for June 28th:
The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 10 points (as of 8:00 AM).
Nifty experienced huge volatility in the previous session. Structurally, it has formed an ending diagonal pattern. It's in the 5th wave, so today, if the initial market declines, we can expect a minimum of 78% to swing low correction. However, it must break the minimum 38% Fibonacci level for us to consider it a correction. On the other hand, if it doesn't break the 38% Fibonacci level, it may consolidate a little and break the previous high, extending the diagonal further. This is the basic structure. I used the line chart because the wave patterns are easier to see with it; that's all, nothing apart from that.
The alternative scenario suggests that if the gap-up sustains and has a solid structure, the rally could continue further.
The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 10 points (as of 8:00 AM).
Nifty experienced huge volatility in the previous session. Structurally, it has formed an ending diagonal pattern. It's in the 5th wave, so today, if the initial market declines, we can expect a minimum of 78% to swing low correction. However, it must break the minimum 38% Fibonacci level for us to consider it a correction. On the other hand, if it doesn't break the 38% Fibonacci level, it may consolidate a little and break the previous high, extending the diagonal further. This is the basic structure. I used the line chart because the wave patterns are easier to see with it; that's all, nothing apart from that.
The alternative scenario suggests that if the gap-up sustains and has a solid structure, the rally could continue further.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。