I guess, Primary Wave 3 ended on 680 itself(extended one) where you plotted minor 3. This combination got Truncated or failed wave 5 which indicated strong downtrend as it happened. Wave 5 might have given target over 850+ if normal wave 5 was witnessed. Even Truncated one followed rules to completes its 5 wave as wave 1 and wave 4 overlap allowed in ending diaognal may be.
@AJAYSHARMA, Also. The way upon took starting of wave 1 is not right. 50 should be the starting point of wave 1. DHFL completed its wave 1 to 5 with truncated one. It's not a ABC form.
AJAYSHARMA
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@Balas282, I re looked . There is no balance in my wave count wrt to 2 and 4 . My mistake I did not take the very start . Just got carried away . Nice to have pointed out . Kindly post ur wave count . Lets learn more Regards
Balas282
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@AJAYSHARMA, Sure we can learn together. Till now, i have learnt EW only on impulses, i might make mistake in corrective waves which keeps me away from my posting. Once i learnt and get practiced at avg, will share mine. :) Thanks
crc.rjt.rajkot.maliyasan
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as per elliott wave count 4th waver enter in 1st wave zone..... ur counting is totally wronge
AJAYSHARMA
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@CRC.rjt.rajkot.maliyasan, Pls see the description in the chart. which says this has become a corrective ABC count since there has been an overlap. The small box is drawn to highlight the overlap. However let us not be in a hurry to immediately to label this as a corrective ABC count. Since this would be a wave 4 correction it can become a wave 4 triangle where the wave 4 end will not overlap wave 4. If there is a further follow through on the downside then we will label it is an ABC count. I hope I am clear now.