iElliottician

Dear Bears, Be Ready To Take Charge. . . NIFTY

NSE:NIFTY   Nifty 50 Index
Bears, Be Ready To Take Charge. . . NIFTY NSE:NIFTY 10775 TO Minimum 9800 For wave (v)
Comment: It's jus 1 st leg of (5) wave series..
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wave iv enters price territory of i, isn't it invalid?
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iElliottician yogi_sharma_elliottician
@yogi_sharma_elliottician, yes, that's what it is known as Ending Diagonal.. Where wave iv enters in price territory of wave i.. And it's always occur in the wave v, 5, c position.
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@iElliottician, thanks for some quick lessons
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iElliottician yogi_sharma_elliottician
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great call. i have the same 10400s as target..evening start formed and unable to cross 200 dma..
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@mklives, thanks 😊 my overall target is around 9700-9800...
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wave (i) (ii) (iii) counting?
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iElliottician yogi_sharma_elliottician
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So simply saying the waves are getting smaller in magnitude so the momentum is decreasing and a correction is near... is that it?
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iElliottician Lucifer759
@Lucifer759, Yes. ✌️ Bulls totally lose their strength over price, it's just some kind of trap, now it's bears turn...
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