chirag_Khasiya

Nifty Elliott wave analysis for 11 may 2020 onward

NSE:NIFTY   Nifty 50 Index
From recent high 9889 to 9117 on down side nifty has completed an impulse wave and from 9117 corrective wave may be in progress now and after completion of this corrective wave nifty can decline more than 700 points.

Comments

The count is incorrect. Waves 1, 3 and 5 should be 5 wave motives where w3 should be an impulse while 1 or 5 can be either impulses or diagonal triangles. Within the iv to v move, where is the 5w move down? I dont see an ending diagonal either. The count needs to be revised.
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Right analysis👍

Pls also provide probablity of directional movement for May

Thanks
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100/fuddu analiss
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