Nifty Futures : Finding Real Bottom
Date 28.02.2025
Nifty Futures
Weekly Chart
Based on Elliot wave concept
1 Since Wave 1 & Wave 3 both impulsive waves were extended waves therefore, Wave 4 retracement could be deeper.
2 Currently market is under wave 4 corrective phase of ABC which is 3 wave pattern, hence the yellow mark are wave 4 areas
3 Currently at 78.6% on retracement of Wave 4 which is immediate hope, below this on weekly basis lower levels highlighted will be active.
Regards,
ANKUR
Nifty Futures
Weekly Chart
Based on Elliot wave concept
1 Since Wave 1 & Wave 3 both impulsive waves were extended waves therefore, Wave 4 retracement could be deeper.
2 Currently market is under wave 4 corrective phase of ABC which is 3 wave pattern, hence the yellow mark are wave 4 areas
3 Currently at 78.6% on retracement of Wave 4 which is immediate hope, below this on weekly basis lower levels highlighted will be active.
Regards,
ANKUR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.