#Nifty || 6th July 2022 || Falcon Trader Analysis for #Nifty50

5 Jul 2022

Nifty is moving as per Falcon Waves that was shared in previous posts.

Some posts were updated in live market and not shared as idea. However I will try to update on daily basis.

Some key points, the ABC ratio at 61.8% worked well in predicting wave C end, and now the green weekly A wave is completed.

This means that we will go down to complete green B wave, which will be comprised of ABC.

The new blue ABC down will take few days to complete.

Right now blue A down as stared (comes from daily chart)

This will typically have 5 waves down as this is D wave of ABCDE pattern of Falcon Waves.

If wave 1 is done then we will go up in wave 2 (this should be 50-61.8%) retracement and then we will fall fast.

Thank You for your attention.

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5 Jul 2022

Nota

Clean Chart