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dhinesh_kumar
Jan 23, 2021 3:04 PM

Elliott wave count since inception 

Nifty 50 IndexNSE

Description

I couldn't find better count than this. Current up-trend is just bull-trap.

Comment

Since 2008 low

Comment

Updated wave count from 1990's

Comments
Parasuram
heve u studied neowave by glen Neily?
dhinesh_kumar
@Parasuram, no.. its purely Elliott Wave only..
Parasuram
@dhinesh_kumar, new wave is one step better than Elliot.. in fact Glen Neil only wrote Mastering Ellitot waves......
dhinesh_kumar
@Parasuram, There is nothing better, everything covered in Elliott and also my analysis entirely from the theory except one thing (or maybe we missed it). We knew an impulse can have any number of inner waves (talking about multiple cycles) and in correction side maximum possibility and complex is double/triple-three combination.

But what I observed is a double/triple-three combination can be part/sub-part of a correction and trend can be developed by multiple double/triple-three combination in the same way how impulse would develop.

I spent nearly two years to identify this development.
dhinesh_kumar
@Parasuram, We should use 5min timeframe (sometimes 1min TF also). Even in 15min, could not get exact wave count.
Parasuram
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