ShreeKrishna

Ya I know tons of Elliott wavers had already figure it out

Long
NSE:BANKNIFTY   Nifty Bank Index
Highest Comedy of this social site is everyone who label them self Elliott wave specialist had already know its Going up to here

Fun part is they want people to believe them so that through this social media they can get some customers ( they can scam )

People wake up now , dont fell for scammers

Now as far as this move is completed in 5 wave ((a)) move on smaller degree which in tern explains the move of 1 degree of higher time frame is completed

as per Elliott wave theory , Now one can look for buy set up , if you are Options traders then Go for Monthly contract

Now it will likely complete its 3 wave move up as ((b)) i have made an efforts by placing an visual pattern design ( refer yellow free hand drawn line )

it will make usually retracement of 50 % of initial move , and one of the Elliott wave Guideline suggest if we see Gaps ( which is indication of Wave 3 in progress)

you can expect price to retest the Gap , Now i have two confirming view

01) Gap of Previous Wave 3 ( Point of recognition)

02) Fibonacci retracement which meets the Gap level

Look to trade in this passion , Good luck

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