Elliot Wave Counts of Nifty Index
I have assumed that intermediate Wave (1) of five wave down has started. This is tentative because the correction (A) (B) (C) can turn into complex correction.
9385.25 is the starting point of Wave (1). Any move above this will invalidate the count. Shorts can be taken with this as Stop-Loss.
8900 is the end point of Wave 1 of Wave (1).
Move below 8900 will signal the start of Wave 3 of Wave (1).
After this breakdown we can initiate shorts by counting the internal waves of Wave 3 of Wave (1).
This is my first public analysis.
I am just starting with The Wave Theory. Please forgive any mistakes
9385.25 is the starting point of Wave (1). Any move above this will invalidate the count. Shorts can be taken with this as Stop-Loss.
8900 is the end point of Wave 1 of Wave (1).
Move below 8900 will signal the start of Wave 3 of Wave (1).
After this breakdown we can initiate shorts by counting the internal waves of Wave 3 of Wave (1).
This is my first public analysis.
I am just starting with The Wave Theory. Please forgive any mistakes
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.