NIFTY = THE BIG PICTURE - elliott wave count

NSE:NIFTY   Nifty 50 Index
Weekly chart of nifty elliott wave
Comment: please ignore the above chart

the correct wave count as follows


Wave 1 and Wave 4 can't over lap. Please relabel the charts
hypersync_09 khalani717
@khalani717, In sub wave countings , overlaps are permitted :)
joel-vg khalani717

Wave 1 & wave 2 is completed , we are within the wave 3
within wave 3 - we have completed wave i,ii,iii,iv of wave 3 without any overlapping
now what i want to highlight in this chart is we are in wave v of wave 3
within so not concentrate much on the marking within that wave v of wave 3 - it can go as an ending diagnoal (pattern is not yet clear)
but what i want to make a point is that we are within wave v of wave 3.
please do comment if you have any doubts
joel-vg khalani717

yes there is a small correction in the chart ; posting the same

Good thought, wait for big economic event, oh yes, tonight it is. Tomorrow bear can take control. :)
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