Nifty Bank Index
Short
Updated

Elliott wave analysis # about to fall to 33700 level ?

255
If my analysis is correct, there is an irregular (at 33700) in wave w of X. If so, the fall should reach the level.
Note
Invalidated
Note
Its not Z. Probably w of Y. If so, going to be big irregular
Note
Updated wave count

snapshot
Note
As mentioned, went upside and completed the wave below 36838 level as w of Y (thought it would be z).
Note
updated wave count

snapshot
Note
Formation is so complex and confusion, so need to see further development

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.