Nifty Time Cycles – Will it Crash or Is it Time to Buy?Feb 23, 2023
Like this Article? Share it with your friends!
Time cycles along with Elliott wave – Neo wave is powerful way to forecast and trade markets.
Many have been asking about the secret that helps to catch these important lows along with Time to the very hour.
Here is the chart that shows how the entire science of Time works.
Nifty daily chart:
Nifty 15 minutes chart:
Nifty daily chart shows important trendline that is connecting the tops from 18600 levels. Recent down move has brought prices back to this trendline support which is also near 61.8% retracement level of the entire rise from lows of 16800 to high of 18880 levels.
Budget day low also happens to be near 17350 and from 17400 we have seen multiple times bounce back.
55 Days Time cycle low – is formed near the Budget day and is also near 17400 levels. So there are multiple reasons why protecting 17400 – 17350 zone is so important as break below this will result into party time for Bears for next 35 days until the next 55 days cycle low is formed.
Trading Time on 15 minutes chart: Time cycle has formed a low at 9.45am on 23rd February 2023. Look at the above chart that shows how prices bounce back everytime it is in the time support zone. The up move can be a major trend or just a pullback that will depend on the higher time cycles. But by combining Neo wave along with multiple time frames one can form strong trading system which is both Price and Time focussed.
In a nutshell, Nifty is near crucial juncture now. Protecting the low near 17455 formed on 23rd February along with low of 17350 formed on Budget day will result into bottoming formation and a bounce back. Failure to protect these levels can result into a crash! Next few hours of Price action is crucial.
3 Months of Mentorship on Timing the Market – Above chart simply shows how price action along with Time cycle and Neo wave can be combined. A Mentor can ensure that proper application of these methods is passed across so that it can form a powerful system to generate that parallel source of income. Be a part of Elite traders community we call as #TimeTraders. Early Bird ends on 28th February 2023. Fill below form for more details: