Elliott Waves - Double zig zag Education

Nifty 50 IndexNSE

Description

⋅ Dec 12, 2018 9:44 AM

Nifty double zig zagged in a wxy at 61.8% . I think a new high in Nifty is in the offing before the doom sayers have it at 9000.

Wave Analysis

Comments

rishiisal

⋅ Dec 14, 2018 3:07 AM

you picked wrong pivot from swing low to swing high Nifty didn't retraced to 0.618. If you pull fib tool from micro degree 2 then you get this 0.618. Also Nifty is bullish AF IMO

AJAYSHARMA

⋅ Dec 14, 2018 4:06 PM

@rishiisal, Ok , I may be wrong. Regards

vinodsinghfcca

⋅ Dec 13, 2018 7:22 AM

Your down counts are similar to mine. Up move seems like an wave A, B C we might be forming and double zigzag or an ending diagonal. That's my personal view. Counts are good.

AJAYSHARMA

⋅ Dec 13, 2018 9:29 AM

@vinodsinghfcca, If a downcount is a corrective structure then its corresponding upcount has to be an actionary structure (impulse or a leading diagonal) expect if we are in a triangle. Regards

vinodsinghfcca

⋅ Dec 13, 2018 4:55 PM

@AJAYSHARMA, yep cheers

AJAYSHARMA

⋅ Dec 13, 2018 5:06 PM

@vinodsinghfcca, Please see the latest idea posted by me for the bigger picture. Regards

rishiisal

⋅ Dec 13, 2018 3:20 AM

/Users/rishikeshisal/Desktop/Screenshot 2018-12-13 at 8.49.07 AM.png
Alternate

yogi_sharma_elliottician

⋅ Dec 12, 2018 6:23 PM

yogi_sharma_elliottician

⋅ Dec 12, 2018 6:24 PM

@Yogi_sharma, got some similar count, but as a trader it shouldn't matter much

AJAYSHARMA

⋅ Dec 12, 2018 6:37 PM

@Yogi_sharma, yes