Nifty50 moved like rocket today, this was 3rd of 3rd wave, one of the fastest waves, after this there will be minor pull back for wave 4 and then again this high will be crossed in December itself. Here is how to play this:-
Wait for pull back to finish in ABC format (3 waves)
Avoid 4th wave, can be very tricky
Don’t hold your trades when in wave 4
Pull back will be completed soon and then upside will be unlocked for completion of this 5the of 3rd, which will mark end of wave 3.
News is secondary, first follow the rules.
Use Heikinashi candles to check trend, do not counter trade wave 3.
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