elliott wave theory Plotting on Nifty Day Chart
1. Wave 1 Formation: from 10450(11 March,2020 Closing price) -9570(12 March Price) = 880
2 Wave 2 Formation: Repulsive Wave
3 Wave 3 Formation: 9992( 13 March Price) - 8323( 19 March Price) = 1669
4. Wave 4 Formation: Repulsive Wave
5. Wave 5 Formation: 8723 (20 March Price) - 7637 (23 March Price) = 1086
Wave 1 < Wave 5 < Wave 3
Tried to Plot Impulsive wave Form ABC: Last C Wave form @9300.
Now,
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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.