Elliott Wave analysis for 17-05-2018

NSE:NIFTY   Nifty 50 Index
Everything is explained in the chart
how u got 561 as target ? Fib levels tell u a different story
lekha1506 theshamik
@theshamik, 561 is 100% of wave A
+1 Reply
theshamik lekha1506
@lekha1506, Very much possible indeed...but if this was really C wave I was expecting quick sharp move down today/tom than this sideways lacklusture moves...
very nice. whats your main count.. is this 4th wave after 3rd wave completed? And this corrective pattern pans out in A-B-C (5-3-5) or complex A-B-C-D-E
lekha1506 theshamik
@theshamik, it's 5-3-5. Main count - I have two different analysis, so may get some clarity once this correction completes
+1 Reply
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