Elliott wave analysis # clarification on my last analysis
Updated
My previous analysis is still valid. Just the correction is being extended.
Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Note
Nifty Trade setup for 27-May-2021Note
BankNifty Trade setup for 27-May-2021Note
The above two charts are for 28-May-2021Note
Invalidate my whole analysis if breaks today high (nifty 15455.55 and banknifty 35436.65)Note
Nifty broke the high. I expected ABC from yesterday, but now based on formation, it is impulse.In BankNifty, see the wave formation from 24th May low to today high, it is clear ABC-X-ABC. Then how can it go up. There is small pass.
Nifty
BankNifty
Note
There is no way to break today's high. Suppose if breaks, this type of wave formation I could not decode.Note
If happens as per analysis, then the fall should be sharp and quick and should not take time.
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