This is How I try to learn to catch Tops and bottom, Market is like an "Infinite Sea"- full of earnings & looses.. but beauty of this sea is that it behaves in a systematic manner like a nature which is very well explained in Elliot Wave theory and Neo Wave theory.
A good entry and exit always gives u maximum return and vice versa for that u really need to have patience and principles while jumping into this "financial SEA"
like I have shared charts where market gave u signal of exit and u can play for some extra ordinary moves, now its upto you, how you find your entry and exits as per your appetite, either in ending diagonal from 17150-17992 or bouncing wave of new Downside move post ending diagonal completion. Market always gives u few chances to safeguard your money in case of reverse moves. for example in just 2 days market fell 660 points from tops but still retraced approx. 300 points on upside i.e 50% retracement, even if u exit u loose hardly 300 points out of 2700 points move.
well If you have seen my previous post where I catch the bottom of 15183 for new up move & if one has invested that time could have earned 2200-2700 points depend on your entry point or 18% in nifty and waited patiently for swift exit by finding such patterns which fulfills top making criteria's.
Trust me the best Part of finding tops is Media + Pattern ( a deadly Combination) , they(media) make the maximum noise during tops and bottoms which gives u good indication of such areas ( pattern ) to plan your next counter moves.
Now Very likely we are going to see a "Covid Style Crash" (in Diametric pattern, which we will have detailed study in my upcoming post) yes this is likely the much much awaited fall since 2 years who have missed taking part in the Crash, I believe major indian traders ( the enthusiastic youngsters) entered post Covid Crash - for fundamentals we have many topics to discuss post this crash like few of them will be Economic Crises, recession, Wars , Bankruptcy etc.. !!
Lastly as I said, market give opportunity major of the times to face few situations repeatedly in your life span which gives u very great Sailing experience in this financial SEA
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