bibz4trade

Swinging NIFTY on waves

NSE:NIFTY   Nifty 50 Index
Hello Fellow Traders,

Let's look at an Elliot Wave pattern on NIFTY hourly Chart.

We have a clear distinction of wave 1,3 as we can see from the chart. We are into the 5th wave starting at 61.8 fib extension levels. The main trading idea should be, we wait for a proper ending of 5th wave that is expected to be a short wave considering the Fibonacci extension 100% levels as I pointed in the graph.

So we wait. Yes for a proper reversal! Any short position at 100% fib levels on a confirmed reversal is worth taking.

Hope it helps everyone.

Thanks & Regards,
Bibin
Comment: Hello Friends,

Nifty at crucial levels as we are in the 5th waves.

Regards,
Bibin

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out