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
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
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.
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 ?