Get started

Elliotwavecount

Nifty: A Deeper EW CountIn my previous post on Nifty I observed that we are in a possible wave iii of the larger 5th. See below... We have been correcting from the 'double up' level mentioned in that post and a casual look at the chart has been yelling the beginning of wave iv. But a deeper EW count has been telling something else to me. I know that there could be many conflicting counts on this chart but this one is the most preferred by me. This analysis is for a sub-wave which starts from 10033. According to this count we are in wave (iv) of this sub-wave. I have drawn a Potential Reversal Zone (10430-10605) which may offer a nice buying opportunity. If this count is correct, we 'll reverse from this zone and resume the uptrend of wave iii of 5th (see previous post for clarity on wave iii and 5th). Remember that this count would fail below 10405, so this can be taken as stop-loss level. Trade Safe Keep liking for better ideas. Regards Bravo
NSE:NIFTY
by Bravetotrade
9