Nifty - Elliot Waves Update
We are in a confusing situation right now.
Possibility 1 (in red): We are in an ED and E of ED got done in ABC
Possibility 2 (in blue): Larger C is going on and only 3 of C3 is done - We can head till 20500 (even lower) in this case.
In both cases we are either at bottom or within 5% of it. However, upside is big - at least 23500.
One good thing is that we recovered after a gap down in last 2 days, especially when US markets fell quite sharply yesterday.
Wait and watch time for traders. Deploy cash time for investors :)
Possibility 1 (in red): We are in an ED and E of ED got done in ABC
Possibility 2 (in blue): Larger C is going on and only 3 of C3 is done - We can head till 20500 (even lower) in this case.
In both cases we are either at bottom or within 5% of it. However, upside is big - at least 23500.
One good thing is that we recovered after a gap down in last 2 days, especially when US markets fell quite sharply yesterday.
Wait and watch time for traders. Deploy cash time for investors :)
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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.
Related publications
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.