
#NIFTY completed a strong bearish weekly combo and is threatening to close December with a monthly Bearish Engulfing, repeating the pattern it completed in November 2021. A closure like this will be followed by lower prices for one or more months.
This overview contains:
– discussion on possible closures in December from the candle and TA perspectives;
– long term Elliott Waves forecast.
This post is part of the @InvestingAngles Series that covers the US and global major indices; volatility and bonds, commodities and miners, crypto and currencies, and some large cap stocks.
All major posts relay to Telegram: http://t.me/InvestingAngles
You follow @InvestingAngles – we offer the best forecasts!
Weekly Reports:
SP500 + Global
Nasdaq
Russell2000
NIFTY
Volatility
DXY
TSLA
MSFT
NVDA
Bitcoin
Oil and Natural Gas
Silver, Gold, and GDX
and other…follow the link below