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obvcops
May 28, 2021 2:43 PM

NIFTY ELLIOTT WAVE ANALYSIS 

S&P CNX NIFTY INDEX FUTURESNSE

Description

This is my most preferred count of nifty from the march 2020 low.
Comments
yvatsji
well this is quite correct you just need to increase in higher degree of every count. Since you are well aware if degree is not selected correctly then all information will change at some point of time.
obvcops
@yvatsji, Am sorry but I don't follow. What's the point of degree as long as it is in a chronological order. Please shed some light.
yvatsji
@interactivebrokergolu, The so called chronological order will change its degree at that point your analysis will derail.
obvcops
@yvatsji, okay so are you suggesting that there is a rule to degree also in Elliott wave theory. I didn't find one in the book of Robert Prechter, can you please suggest me a book or a website where i can understand the hard and fast rule of labeling the degrees? It would be a great help.
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