Dev9939

Nifty: 5th Wave Throw over

Education
NSE:NIFTY   Nifty 50 Index
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2
Throw over

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do not dream of shorting. long way to go.
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Sanjay2294 ckirtane
@ckirtane, you write as if you've seen the future :P ...i've seen lot of people make mistake of being confident in their views, but sooner or later get humbled up by markets
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assumig this as the 5th wave ,how do we confirm it is over and once the correction starts to what level it is expected to retrace
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Dev9939 PMMAGARWAL
@PMMAGARWAL, We have to wait for the confirmation
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PMMAGARWAL Dev9939
@Dev9939, shouldnt it be a 5 wave structure in 5th wave as well, currently it has just completed 3 subwaves
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Sanjay2294 PMMAGARWAL
@PMMAGARWAL, wave count can always change later on to explain price movements. Alternatively, the red candle on 29 Sep, 2020 (11,181 bottom) could be considered sub-wave 2; if that can be counted as sub-wave 2, then 5 waves are already completed.
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