Crude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can...
Extending wave (5) should easily travel above 18000 and is likely to continue toward 18480. Target 1: 18000 Target 2: 18142 Target 3: 18350 Target 4: 18480 Stay tuned for the next update.
Nifty Elliott wave analysis for 5April 2021
Nifty made low 14350(Wave 2) this is nearly 0.618 fibonacci level(14297) of previous rally after budget from 13597 to 15432(Wave 1) Since correction is deep this is double zig zag correction. Upper channel line target comes around 15200. Nifty made Piercing Line candle Stick on daily chart on Friday 19th Mar 2021. Swing high 15337 break is confirmation of...