#Nifty || 13th June 2022 || Falcon Trader || Daily Analysis

As mentioned earlier there is selling pressure build up.
We can expect some bounces for formation of Higher Lows but overall we are going down.

Expect massive selling rally next week, but I still think Monday and Tuesday we can have some pull back to form internal wave 2 of wave 3 shown in previous charts. Will add more analysis in sometime.

Komen:

Falcon Wave Counts

Market will open Gap Down around 16000 - possible wave up for formation of internal wave 2? - and then down. Plan your trades accordingly.

Komen:

Update: Falcon Waves is different from Elliott Waves as we focus on pivots also apart from FIB levels.

Wave 3 internal done. Wave 4 internal in the process and will fall again for wave 5.

So when it goes in wave 4 up, people will say oh look at the new moon and new moon cycle and time cycle etc. But honestly ... charts tell you everything.

So enjoy trading and focus on shorts.

Pro tip:

1. Follow trend - trend is bearish - this means that you have to short
2. Follow Falcon Trader