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Finonomy59
Dec 20, 2021 6:57 PM

Nifty is still is in corrective mode, Elliott Wave analysis Short

Nifty 50 IndexNSE

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UnknownUnicorn5615425
I think wave counts are not correct it's A wave of ABC correction from top. So B wave bounce will come after that C wave on down side so it's 3 3 5 Structure. I could be wrong also. 🤞
pallasena
Brother, Further to my previous count, the main trend is down and the decline must continue subject to pullbacks. My astro model RAM is Down since mid October and supports the bearish view. There is an alternate Treble 3 count that suggests the correction is over. But this is not supported by RAM. Further the larger count from 2008 and 2003 require a BIG decline before another great uptrend gets going.Cheers
pallasena
brother you should review your wave count. Wave 1 is labelled abc and wave 2 is 1,2,3,4,5 which needs to be reconsidered
Finonomy59
@pallasena, Thanks for your valuable knowledge.......I started learning a few days before so it could be wrong
Finonomy59
ya, you are right...you have an eagle eye...it was mistyped......A will be complete after the 5th wave of the current wave will complete then B and C.
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