On 20th Nov, we had Popgun Pattern (previous day bar is inside bar). Nifty has given last chance to short at the end of today's trading. Coming week will see downtrend.
Popguns tend to occur prior to impulse waves- wavw 1, 3 & 5. But wave A & C of corrective waves are also technically impulse waves. So Popguns can happen prior to those A & C moves as well. As per EW count we are just on the verge of begining of wave C corrective after completing wave B from 3rd November.
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Popguns tend to occur prior to impulse waves- wavw 1, 3 & 5. But wave A & C of corrective waves are also technically impulse waves. So Popguns can happen prior to those A & C moves as well. As per EW count we are just on the verge of begining of wave C corrective after completing wave B from 3rd November.
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