#Nifty || 27th June 2022 || Falcon Trader Analysis for Nifty50
Zaktualizowano
Hello friends,
Making money? if you are making money then you are probably in top 10% in trading community... Very few actually make money. And very few make on regular basis. One key method to continuously make money is use stop loss, and also enter at correct time.
Now this time or timing the market has no rules. Some use moon phases (there are indicators for it), some use cyclic lines, some use Gann methods etc. Some even use Gann square of 9 on dates etc. But nothing will work 100% so, the best way is to keep trying and use Falcon Waves to plan trades.
Now we have finished Wave A. I am looking at Wave B (blue).
In Falcon Waves, we are going in ABCDE pattern and other waves will be discussed later, but blue A wave has finished. Blue Wave B is in progress followed by C and D and E.
We mark only ABC (D and E) usually are not marked but discussed. As once C is done we know it will come down in 5 waves in Falcon Waves.
If you follow me daily, you will learn about Falcon Waves (Easy alternative to Elliott Waves etc.)
Where will Wave B end?
So let's keep target between 61.8% and 78.6% of A. In live market if I get a chance, i will share exact targets, for now 15400 is good target to keep in mind.
I wish someday after my book is published, you all will easily understand Falcon Waves.
Making money? if you are making money then you are probably in top 10% in trading community... Very few actually make money. And very few make on regular basis. One key method to continuously make money is use stop loss, and also enter at correct time.
Now this time or timing the market has no rules. Some use moon phases (there are indicators for it), some use cyclic lines, some use Gann methods etc. Some even use Gann square of 9 on dates etc. But nothing will work 100% so, the best way is to keep trying and use Falcon Waves to plan trades.
Now we have finished Wave A. I am looking at Wave B (blue).
In Falcon Waves, we are going in ABCDE pattern and other waves will be discussed later, but blue A wave has finished. Blue Wave B is in progress followed by C and D and E.
We mark only ABC (D and E) usually are not marked but discussed. As once C is done we know it will come down in 5 waves in Falcon Waves.
If you follow me daily, you will learn about Falcon Waves (Easy alternative to Elliott Waves etc.)
Where will Wave B end?
So let's keep target between 61.8% and 78.6% of A. In live market if I get a chance, i will share exact targets, for now 15400 is good target to keep in mind.
I wish someday after my book is published, you all will easily understand Falcon Waves.
Uwaga
Key points: RSI crossing EMA from top
Also, OBV - from futures charts is about to cross below EMA 50, a key point that I have started looking for short buildup. Here is a snapshot of the same.
Uwaga
I personally see Heikinashi Chart also , a concept very dear to me. You should make a rule, never trade against Heikinashi Candle. So HH was formed, a win for Bull but bears will try to break 15387, I want a bounce before that. Can we do it?
I am not bull - I am not bear. I make money both ways. It does not matter to me where market goes as long as it follows FalconWaves.
I take out my profits every month to buy real estate .. bit now I do not have tenants - because they don't have money to pay rent .. read inflation.
Anyway.. jokes apart... enjoy trading and chill.
Uwaga
Clean chart here: Uwaga
The green dotted line - comes from weekly. You don't know my colour codes?
Blue - daily TF
Green - Weekly TF
Pink - 1H TF
Orange - Monthly TF
Falcon Trader
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
Trading Courses charts-stocks.com
_________________________________
Ask for any script Falcon Wave count by DM
Twitter: @Falcon_Trader_1
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