ELLIOT FORECAST FOR 10 AUG 20
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
NIFTY TODAY SINCE MORNING WITH A GAP DOWN REMAIN RANGE BOUND...AND SUBSEQUENTLY MOVED INTO CONTRACTION LEADING TO SO CALLED BREAK OUT AT THE END, TO SOME EXTENT I WAS ALSO IN THE SAME OPINION...HOWEVER THE MAJOR RESISTANCE IS STILL INTACT...SOME AMENDMENTS BEEN MADE IN THE WAVE COUNT FROM THE PREVIOUS POST...NIFTY IN THE NEXT SESSION LIKELY TO COMPLETE ITS WAVE 5 STRUCTURE AND MOVE INTO CORRECTIVE MODE...OVERALL TREND REMAINS BULLISH TILL THE TIME MAJOR SUPPORT NOT BROKEN...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
TRADE AS PER OWN RISK ASSESSMENT...
NIFTY TODAY SINCE MORNING WITH A GAP DOWN REMAIN RANGE BOUND...AND SUBSEQUENTLY MOVED INTO CONTRACTION LEADING TO SO CALLED BREAK OUT AT THE END, TO SOME EXTENT I WAS ALSO IN THE SAME OPINION...HOWEVER THE MAJOR RESISTANCE IS STILL INTACT...SOME AMENDMENTS BEEN MADE IN THE WAVE COUNT FROM THE PREVIOUS POST...NIFTY IN THE NEXT SESSION LIKELY TO COMPLETE ITS WAVE 5 STRUCTURE AND MOVE INTO CORRECTIVE MODE...OVERALL TREND REMAINS BULLISH TILL THE TIME MAJOR SUPPORT NOT BROKEN...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
TRADE AS PER OWN RISK ASSESSMENT...
Note
ON COMPLETION OF WAVE 5...EXPECT WOLFE WAVE...
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