Nifty Scalping Trade Setup using Neo wave
Feb 25, 2025
Neo wave along with price action helps to form powerful setups with good accuracy. Neo wave helps to understand the overall maturity of the trend and if the rise is sustainable or not.
It is possible to apply Neo wave techniques even on short term time frame charts and forecast it after analysing the patterns.
Below chart shows that prices were trading near 22760 when it was forecasted for the downside move to start assuming that the downside breakout in form of wave c of Zigzag pattern within Wave (g).
Nifty Hourly Chart anticipated on 22nd February 2025
Nifty Hourly chart Happened:
Nifty has been moving precisely as per Neo wave pattern. Prices were near 22760 when we expected the down move to resume. Nifty broke below 22725 levels and made a low of 22518 already as on 25th February 2025.
The downside forecast was done on basis of identifying the triangle pattern formation in form of wave (b). The target of 22427 was derived measuring the widest part of triangle and forecasting on downside.
Above method simply shows by combining simple aspect of wave pattern along with Fibonacci projection one can derive good risk reward trade setups and forecast the market before the move happens.
In a nutshell, the overall tone for market is bearish for move to 22427 and eventually lower as long as 22720 - 22750 holds on upside over short term. Neo wave if combined with Time cycle can provide lethal combination of forecasting tools.
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