NSE:NIFTY   Nifty 50 Index
255 4
A bullish 5 wave up move completed @9218 .An handsome reward to my followers.
elliott wave prediction gives you freedom of fear in all type of finacial assets.
now its time to take opposite position.
waveA ,B completed today@9169(target for B wave(0.786%of wave A = 9174 not breached)
Simply take a short position and relax for a week.
let us meet after 1st target of 8969
between-- todays high is showing 9180 on investing .com.. . B can retrace 100% or more of Wave A.. ???
selvamgeetha sachinjain19
@sachinjain19, GOOD if you are interested please send your email id ,so that i will send NEW ELLIOTT THEORY.
reg B WAVE if it equal length of A then it is called FLAT correction,here we can predict wave C is equal to wave A. Based on that NIFTY is correcting in 3 wave flat correction up to 8987/8969 range
if the c wave extends it follows 1.27/1.618 times of A.
NIFTY must not breach 8866 for bullishness
While i am following the same count .. but here is one thought. what if this become a irregular correction and B goes above A before tumbling down !.
I have seen that happen earlier.. i am saying that because of all the momentum thats built right now !
Note: I am net short in market but i am always diligent about where these counts can go wrong. ! Plus i am a amateur analyst as far as Elliot wave goes.
Hi ,
I don't understand Elliot .

Some doubts : 51,52,53,54,55 (a,b,c,d,e) i assume you have put it 5 wave impulse . What is rule in regards to price , time ratios for wave 52(b) for this rise to qualify as impulse?
also I see wave 55(e) completed in 4 or 5 sessions again what is rule for time on same ?

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