snazre

Diagonal triangle forming in 5th wave of terminal wave

Short
NSE:NIFTY   Nifty 50 Index
1. Diagonal triangle forming in 5th wave of terminal impulse
2. Wave 5 is a diagonal triangle and currently in e wave formation which is longest of all the waves
3. E wave of Wave 5 is a triple combination correction ( as per elliott waves) with last combination being a triangle formation ( wave b) in progress
4. The entire wave is a segment of triangle and not of flat as previously thought to be.
5. The next wave will be completed max in 21 days time [50 % of time to complete wave ] and most likely in 12 days [25% of time taken to complete wave ]


Note: Please trade carefully with long perspective as we are nearing the end of wave with this being a terminal impulse as per my understanding.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.