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AJAYSHARMA
Oct 22, 2021 10:49 AM

Elliott Wave - With Nifty example 

Nifty 50 IndexNSE

Description

Always wait for 2-4 trend line breach as explained in the chart for any chart . It will help in wave count . Regards
Comments
sachin1337
Is (iv) an abc correction or something else?
AJAYSHARMA
@sachin1337, Seems we may in wave B of ABC . Lets see how it unfolds . It should logically to to wave E of wave iv on one lesser degree . The current wave is too steep to be wave C .
sachin1337
@AJAYSHARMA, Nice, current low is E of lower degree. Hope (v) takes off from here. Which would be (v) of 3 right from march lows of 2020?
AJAYSHARMA
AJAYSHARMA
@sachin1337, The drop has been steeper that 45 degree . The correction has to attain 45 degree angle from start to end . I am expecting a triangle for wave iv to achieve that 45 degree angle . But we dont know what the market will do . But dont fish in troubled waters if the angle is steeper that 45 degrees Regards
sachin1337
@AJAYSHARMA, Got it, Thanks. I don't have position and was curious.
sachin1337
Awesome, close to 0.382 and a of previous degree 4th
saraltanwar
Hi Ajay , very well said . keep up the good work
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