AS suggested in previous idea, nifty50 has respected the levels till now, will 5th wave end at 12081? 12081 is crucial level and it might show healthy correction at that point, stay cautious. Do check the previous idea. Link below
Sir. I m newbie but just asking for my curiosity. Is it posible for such a short 5 th wave. Generally should be bigger then that. Probably equal or 61.8% of 2 to 3rd wave. Please clarify
yogi_sharma_elliottician
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@Sidharth_Kr_Jain, see overall picture. 1st at 12081 to 12150 is a major resistance.
2nd 12081 is important gann level.
3rd It is 30 min tf, that means I have already zoomed in and it is 5th of 5th wave.
Passing the above level only I would look to add fresh positions on long side