padiyaraa
Long

Nifty Long term EW count Hypo2 with out wave II data

NSE:NIFTY   Nifty 50 Index
185 views
5
185 1
This is my second Hypothetical view on Nifty long term Elliot Wave Count, which is having a strong wave III personality. This view doesn’t have the wave 2 & 4 alternation conflict etc ,as it was very obvious, in the first view posted in earlier issues. But here also the wave IV is retraced nearly 0.786% of wave III , that is ONE reason I was not confident to bringing it to the prime view. But those who are aware of the rules , it says that, any such irregularities are acceptable when we are dealing with triangles.
In both case we are in primary wave , so there is no major issue at present in following a bullish view. But I prefer to continue with the earlier view as we don’t have the data here to see the wave II, which is very important to have a proper follow up. This issue is brought up for study purpose only.

Notice: No Data Available for the wave II in this count.
this impulsive is again very slow in nature.. doesn't give a confirmation to bottom. Its repeating pattern of 2018 where it went sideways after october 2018 till feb 2019.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out