Very Shortly Nifty will enter in to 4th Corrective wave

NSE:NIFTY   Nifty 50 Index
806 10
This one is based on Higher time frame and one should only understand it as forecast , we are at top of Possible 3rd Impulsive wave or End of Impulsive wave 3 and we will be entering bearish trend as Wave 4 , I have used Kagi as tool for price based charting ,
So Keep Looking for Sell set up and stay in the direction of the Higher time frame
my forecast for End of 4 th wave is 7400 , which might people call it as not possible after seeing so much strong market , its ok they can consider the views as per their wish
Good luck
Comment: its 3 Month chart , its clearly showing the likely close of 3 Month dec 2018 is going to be Hanging man pattern , make sure you people are in the right direction of the trend when this down fall starts
Good Luck
Good to see a very long term perspective... Just an observation the wave wave 3 is normally 2.62 times (min 1.62 times) the wave 1. Pardon my question I am a novice to EW. Is my understanding correct
I-Fund-Trader Bluegreen2402
@Bluegreen2402, Yes sir you are correct and in both the internal wave 3 and the Primary wave 3 are higher than wave 1 which is compulsory , but the relationship to Fibonacci is still a question on real time based trading , what i am looking is higher probability and i tend to trade in the direction of the higher time frame when proper set up forms ,
U do not know Elliot wave Mr rain
I-Fund-Trader vivekdao150
@vivekdao150, Yes sir I do know , Thank Q , Best Regards
amazing do you have any course on wave theory
I-Fund-Trader ranjeetvivaan
@ranjeetvivaan, Sir You can Google it basic principal of Elliott wave and you can download it , read it , basically its a theory which represents the mass participants psychology , what you have to do is trade when such forecast meets your understanding and trade in the direction of the preceding trend ,
how much time it will take to reach 4th wave?, is this can be caluculated?
I-Fund-Trader nalinakshi
@nalinakshi, if you look on Monthly chart and if you look form 2014 to 2016 Nifty was pretty much in the same area where it had run form 7900 to 8900 and back it was almost in the same range for 2 Years , so same kind of accumulation or distribution process will likely take , time yes its possible many be 8 Months to before the end of elections , You can consider , Regards
@I-Fund-Trader Sir, Pls. share your insights about the use of KAGI Charts?
I-Fund-Trader pravinosharma
@pravinosharma, Sir its simple and easy to use , basically it works with same principal as RANKO or P & F chart , the difference is the line gets thin to thick during swing cross movements , i request you can use RANK with price tag of 100 Points theory i am sure you will find the same , Regards
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