You may have got lucky but basic rule of EW is that 2 can never end below the starting point of 1. So ur count clearly isn't valid!!
BharadwajBharaata
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@PracticalBull.mmb, Hahahahah.... Nobody is bothered about COUNTS now. IT is WAHT YOU FEEL.
Trade-Technique
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@PracticalBull.mmb, wave principal can change for high leverage market or future markets and especially when expiry is closer.
practicalbull.mmb
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@Kinnari_Prajapati, No it can't.. taking individual liberties is not something that Elliott wave suggests.
The wave theory has clear and well defined rules for labeling.
dhinesh_kumar
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@Kinnari_Prajapati, Rules never change. We are changing it when we can't do.
Waves_Student
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Wave (2) cannot go below the start of wave (1), it can retrace 99% as well but not break the low of wave (1), so these counts are incorrect.
InvestPro_India
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Detailed and precise.
ShreeKrishna
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it failed to bounce now what ?
imkhushal
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i think the NIFTY is correcting in a FLAT (a) done (b) done and (c) is under progress...which may end at 14200 appx may refer this chart: