padiyaraa
Long

Break out as expected happened in Nifty

NSE:NIFTY   Nifty 50 Index
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9
429 4
A positive Break out as expected happened in nifty . Wave count on daily chart as requested by viewers added here. I am not confirming this count as the perfect one, I agree that there are many alternatives, kindly read this as a study material. Friends those who disagree some points about 4th wave in monthly chart do not worry, you may be right too. . Wave count on daily chart as requested by viewers added here. I am not confirming this count as the perfect one, I agree that there are many alternatives, kindly read this as a study material. Friends those who disagree at some points about 4th wave in monthly chart, you may be right too.
Appreciate....
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4th wave has not yet completed according my views. Just my view.
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padiyaraa yogi_sharma_elliottician
@yogi_sharma_elliottician, There are many different count possible, Although Wave 4 has no minimum time constraint, the maximum time for Wave 4 is twice the time taken by Wave 3.
by that rule we still have enough time. retracement remain satisfactory at 38.2% of wave 3. yet another rule says,To expect the time taken by Wave 4 to be between 100% - 270% of the time taken by Wave 2. That means wave was 73bars in 107 days. wave 4 if end at 1004 on Oct 26 satisfy this rule, nearly taken at the max 270%.
your views are welcome.
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@padiyaraa, Well, time period isn't a rule I guess, it's just a guideline, nevertheless, this was a good piece of information for me. In the end learning matters. Thank you :)
And btw, I am talking about the fourth wave in C (from 11750 to 10004) .
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