NIFTY at crucial support

Today's fall has brought NIFTY at the support which is very crucial. As it is a bottom of a rising wedge. Fall below this clearly means we have initiated a bear phase.

This might start the reactive wave as given earlier.

1 comment:

Lakshmi Ramanathan said...

I am not an EW expert; but just from events and having been following yout Blog;

Has the "reactive " phase over by 28th Aug and we are in 5 Down?