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Trade-Technique
Oct 7, 2020 6:23 AM

The price is travelling toward the 5TH Wave on NIFTY. Long

NSE:NIFTY1D
Nifty 50 IndexNSE

Description

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Normally I don't prefer to trade with a heavy position at 5th wave especially, whenever 3rd wave is extended. In this case, we're moving toward forming 5th Wave.

I have already predicted 5wave of A, B, and C by using future expected retracement.
Pivot PointsElliott WaveWave AnalysisNIFTYELLITOWAVEANALYSISkinnari
Comments
TradingSutra
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not elliott wave theory
Trade-Technique
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@TradingSutra, ?
TradingSutra
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@Kinnari_Prajapati, the 5th wave should be a motive wave, as per elliottwave theory. But here it is shown as a corrective wave ABC . So its not according to elliottwave theory
Trade-Technique
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@TradingSutra, Yes I know but I have modified elliottwave
TradingSutra
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@Kinnari_Prajapati, yeah, thats why I have written , its not elliottwave theory. All the best :)
Trade-Technique
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@TradingSutra, Thank you, Yes you are right here.
ShreeKrishna
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@TradingSutra, Boss these people are using modified wave theory boss , Let them use it , ha ha
ShreeKrishna
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@TradingSutra, Exactly
Niftydirection
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how wave 5 target is calculate here? i see that it should go max 11800 as wave 5
TradingSutra
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@Niftydirection, Question is , how A B C going up as a motive wave ? :)
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