Nifty with Elliot Wave
Updated
Om Namah Shivay
Brothers, A learning series. We tried to make an early leading diagonal to Nifty downtrend.
The levels may be correct, but the leading diagonal should be transposing to something different as per the expert of Elliott Waves.
Tried to count again and had idea of it becoming Triangle. hmm. It does not seem to be.
If we can have 5-3-5-3-5 down, then it is a inverted Zigzag.
And if our pattern is correct, then we are waiting to see a 5 wave pattern down to our next target.
A good learning with the trend on tradingview platform.
Om Namah Shivay
Brothers, A learning series. We tried to make an early leading diagonal to Nifty downtrend.
The levels may be correct, but the leading diagonal should be transposing to something different as per the expert of Elliott Waves.
Tried to count again and had idea of it becoming Triangle. hmm. It does not seem to be.
If we can have 5-3-5-3-5 down, then it is a inverted Zigzag.
And if our pattern is correct, then we are waiting to see a 5 wave pattern down to our next target.
A good learning with the trend on tradingview platform.
Om Namah Shivay
Trade closed: target reached
Target is reached.
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