$BTC Elliott wave Weekly monthly $BTC Weekly Monthly chart Forming bullish pennant LH 13.8K HL 5K around or above the below invalid level for HL 3300 and triangle 4th wave consolidation in HTF W M with low volume consolidation abcde or abc flat corrective wave possible abc flat correction in HTF monthly weekly 200 ma also 5K level and 0.786 fibs 5.4K...
now the market going to correctional wave, may be it will reach (Immediate tgt 574 & possible tgt 602.90 to 617.50)..
it is seems to be nifty nearing end of long term uptrend
Using Elliott Wave theory, just a small prediction for next month, this is for my self and if this works, its fine and if don't, then i need to learn more from market.
now the market going to flat correction may be it will reach 240......
BANK NIFTY NOW GOING TO DIAGONAL SO TAKE A TRADE AFTER BREAKOUT.. ALL THE BEST..
Though I predicted earlier 31000 as bottom of wave (IV), had I not missed the ending diagonal of lower degree of wave v (marked as a wedge) of wave (IV) in lower TF, I wold have predicted end of wave (IV) correctly. The power of ending diagonal is evident from the 1000 point movement in a span of 2 days and less than an hour. Wave (V) will be formed in 3...