NIFTY, have achieved the minimum projections for this pull;back at 17,200-17,400, the criteria or objective is completed here! Now we await MARKET to turn lower, going forward! Couple of things to watch, which will complete the process to turn lower!
1st, on (TIME;ACTIVITY),, this pull;back started on 30th,SEPTEMBER, which was a (VIBRATION;DATE), So, Technically till next (VIBRATION;DATE) which is on, 10th,OCTOBER, we don’t have that TIME support which can push PRICES lower!
The daily cycle will turn lower only when prices will close below the low of (VIBRATION;DATE), once that happens, we could see markets collapsing rapidly, similar to what, we saw in later part of SEPTEMBER! The WEEKLY CYCLES are already BEARISH!
So until daily cycles re-aline, we need, to focus on (PRICE), 1, LEVEL we are watching on downside, that’s 17,196 on (NIFTY;SPOT), If that breaks we may conclude that, pull;back is over, and we are Turning lower!
Until one of above conditions are full-filled, we cannot say, pull;back has completed! Either (PRICE) or (TIME) has to confirm the reversal! Till then, need to be watchful!
