Sir just for My educational purpose can you comment on this " in.tradingview.com/chart/aE4LwgfH/ " I do not have old data of chart so dont know counts ! I am not saying your counts are incorrect but want to know your views on " What if Larger Wave 1 is Wave 3 ? "
padiyara
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@HappyVijay, Not for nifty. Its start date is 3 November 1994 and cannot be wave 3. Many veterans have those datas and count earlier.
but for an argument sake, say it is not a nifty chart, and we discuss that, this is wave 3 completed at 6357, nothing wrong. that count is also match with in the rules.
see,there are many count, it wont give you any tradable levels. but for direction, it will be highly use full.
Another thing, Neo Elliottians have a different count, they think we are in major correction, all these up swings are part of it. because, there point is that,the correction required more time than impulse, true it is required more time, but not every time,
then we all say including the neo says, there is no minimum time for this waves, it is contradictory?? isnt it??
padiyara
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and the wave 2 can be any corrective except a triangle.. so you cannot make it a triangle.. :D
HappyVijay
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@padiyaraa, Great Great !! Lovely ! Sir Thanks for make it all clear ! And I was not aware that Nifty is just 23 Year Young :) Sir whenever you get time please can you me make historical counts of Nifty for Education purpose, Just to know how professionals find Patterns and how patterns repats, Please sir :)
@padiyaraa so this implies, nifty making a 10000+ by 2018 and retrace back to 8700 in 2019?
padiyara
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@sivasumk,
you said it right. the very prupose of this post is to build confidence among investor community.
donot carry away with minor correction, which is inevitable in the speculative markets, comes and goes,
Have a big picture in your heart.