UnknownUnicorn776071

View on Nifty chart using Elliott wave

UnknownUnicorn776071 已更新   
NSE:NIFTY   Nifty 50指数
This analysis covers the Elliott wave count from Mar'20. I'm not expert in Elliott wave, just learning from my mistakes.

The waves 1,2 and 3 from Mar'20 low are completed and wave 4 is being in progress for sometimes.

In wave 4, double zigzags correction are already completed and third zigzag is in progress.

Disclaimer: Making any trade decision based on this analysis is on your own risk.
评论:
Wave 4.C is about to complete.
评论:
Wave 4.C should complete above yesterday high. It will just finish above yesterday high and can't go far away from there.
评论:
In wave 4.C, wave y was completed on 30th May and then formed a triangle till today low as wave x. Now final wave z is in progress and should complete above 30th high as a zigzag correction. And then bear trend will be continuing.
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