Can Elliot correction waves take Nifty to 16000?
After completion of 5 impulse waves from 7500 to 18600, the correction wave A went to 16400 followed by B to 18200 (may go up to 18600 levels)
A massive C wave fall equal to or greater than the A wave is likely to ensue.
After completion of 5 impulse waves from 7500 to 18600, the correction wave A went to 16400 followed by B to 18200 (may go up to 18600 levels)
A massive C wave fall equal to or greater than the A wave is likely to ensue.
Trade active:
Gave this idea when nifty was ultra bullish at 18300.
Trade closed: target reached:
I'm still bearish on nifty.