Kinnari_Prajapati

Similar expressions of Elliott Wave structure on NIFTY.

Education
NSE:NIFTY   Nifty 50 Index
Elliott Wave Methodical Structure
This is a motive cycle of the Elliott Wave in which you can observe waves 1,3 and 5 are in direction of a trend. Wave 2 and 4 are against the direction which is called a "Corrective Wave".

  • Five-wave structures, numbered (1)-(5).
  • In the direction of the main trend of one larger degree.
  • Wave 2 cannot retrace at the starting point of wave 1
  • Wave 3 can never be the shortest.
  • Wave 4 never enters the price territory of wave 1.
  • Waves 1, 3, and 5 are motive waves.
  • Wave 3 is always an impulse wave.
I've also tagged some common words such as "steep jump", "sideway/consolidation", "pull back" etc. So, a reader can understand it easily. The design of the chart is very easy to understand therefore, I have posted the below charts to understand the easy structure of the Elliott Wave .

Now just check out NIFTY 50, Elliott Wave Structure, and Real Price in the below chart.
Elliott Wave with Actual Price
Yes, you got it now. Did you notice my entry-level at wave 2 on Aug 25, 2021? I have also published this chart on tradingivew.com. Check out the below chart.


----------------------REALIST-----------------------
Aug 25, 2021, published : (Entered with my position at the end of Wave 2)
Just, click on the "PLAY" button. I hope you understand now about Wave Counting.

Last updated on Sep 16, 2021 (Started 4rth corrective wave)

If you've still query about Elliott Wave , please comment.
Comment: I have sold NIFTY with sl as mention chart and ruin huge profit.
https://s3.tradingview.com/snapshots/v/V... 17896 and I booked profit 17533.


Look at below chart :