Intraday Trading Nifty Impulse pattern on 5 Minutes chart!

Like this Article? Share it with your friends!

Nifty has been moving precisely as per Elliott wave / Neo wave pattern even on 5 minutes chart. We call wave theory as GPS of the market

In the below chart we have shown Nifty movement along with 5 minutes Time cycles

The entire rise on upside is in steps of 5 waves and the 5th wave is forming Ending Diagonal or Terminal pattern. Ending diagonal pattern consists of 5 waves but corrective and we forecasted this possibility in last week. In this wave 4 will overlap with wave 1 and momentum will be less, so we will also see negative divergence on the indicators.

Yes, Neo wave theory can help you forecast even divergences on indicators. This is the power of learning wave theory to trade with an edge.

So, the overall tone for market is up but with slower momentum, with this information a trader can form classic trading strategy on Options. We expecting market to move as per the path shown and will keep evaluating as the day progresses.

In a nutshell, knowing GPS of the market is powerful way to trade and combining it with simple Candlestick and price action can give you much needed edge over majority of other traders who lose money.

Master of Waves - 5 days to go - Learn the science of trading with Elliott wave, Neo wave and Time cycles that can simply tell the time as well when we expect market to reverse with prudent risk reward setups, this will for sure increase reduce the anxiety as a trader knows probable path market can follow. Limited seats only, register now before you lose the opportunity to learn from Ashish Kyal, CMT, Author himself Register here.