View on Nifty chart using Elliott wave
Updated
This analysis covers the Elliott wave count from Mar'20. I'm not expert in Elliott wave, just learning from my mistakes.
The waves 1,2 and 3 from Mar'20 low are completed and wave 4 is being in progress for sometimes.
In wave 4, double zigzags correction are already completed and third zigzag is in progress.
Disclaimer: Making any trade decision based on this analysis is on your own risk.
The waves 1,2 and 3 from Mar'20 low are completed and wave 4 is being in progress for sometimes.
In wave 4, double zigzags correction are already completed and third zigzag is in progress.
Disclaimer: Making any trade decision based on this analysis is on your own risk.
Note
Wave 4.C is about to complete.Note
Wave 4.C should complete above yesterday high. It will just finish above yesterday high and can't go far away from there.Note
In wave 4.C, wave y was completed on 30th May and then formed a triangle till today low as wave x. Now final wave z is in progress and should complete above 30th high as a zigzag correction. And then bear trend will be continuing.
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