Market Commentary: READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
Primary wave 4 could be in sideways correction where Wave B is in progress in triangle or Flat . Looks like move below 9500 hardly possible. Each wave expected to take 60 to 85 days cycle time.
Bata- we may see new high towards 1370/80 range. We were short earlier near 1300 level in my first idea of bata. Soon, we booked few points profit and closed the trade manually. The reason behind it - I was not satisfied with the completion of wave.We may again see new high where we would look to sell. There are many times we book only half of the target or few...
Those who are waiting for a good fall might be disappointed, seems we are going to touch 1360 level. Happy trading. Thank you.
Bitcoin long term Elliot wave counts
Currently, in the correction phase. Wave C is in progress may be end near 15500. Then Uptrend will start. Just for educational purpose.
Nifty may short recover till 10850-10950 level. Again downtrend will start.
Nifty Monthly Elliot Wave analysis. Looks like Nifty Primary Elliot Wave is in Wave 4 for Impulse Wave. Can expect nifty Reversal at 9850 range. Wave 4 should reverse at 38.2 Fibo retracement. Wave 5 will be another Big Wave on uptrend.
Formation of the Horizontal triangle, will join the uptrend.
Essel propack is setting itself to start the wave 5.
Very good price structure with momentum
I am not able to show complete chart because i'm not pro Remember that all wave counts are work in progress & are meant to aid trading I use Elliott wave count to help in my trading, not to verify if i am right or wrong ... i am willing to accept i could be wrong & knowing before hand what i will do when i am proved wrong... The only thing that are guaranteed...