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obvcops
May 25, 2021 1:15 PM

NIFTY ELLIOTT WAVE ANALYSIS MID TERM Long

Nifty 50 IndexNSE

Description

THE FIRST DIAGONAL TRIANGLE MAY BE COMPLETE, AND THE 2ND WAVE DOWN WILL BE ON ITS WAY. AFTER THAT 3RD WAVE WILL START. GET READY TO GET IN FOR THE UPCOMMING THIRD WAVE.
All this happens if my elliott wave analysis is right. Else we will have to relabel as the picture unfolds.
Comments
Goutam5196
what can be level of wave 2... or from where 3rd will start
obvcops
@Goutam5196, The second wave cannot go below 14420, so from there will the third wave start.
Goutam5196
@interactivebrokergolu, looking after todays move... are we near to compketion of this wave
obvcops
@Goutam5196, often there is a final gap up in a leading diagonal, because all the stop losses are taken out. Now lets expect a gap down tomorrow with a fall in recent times, to hold the above count as valid.
Goutam5196
@interactivebrokergolu, ok great
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