I always love to trade such a chart but on 5 min. time frame :) Not possible ?? Yes, its possible.. but we will discuss on this topic later in some other post.
CORRECTIONS and the ELLIOT COUNT:
In this chart I can see three major correction. Each one having a different topping pattern. The first correction has a Rising Wedge; the second has Triple Top and...
> Looking at the above chart it seems we are nearing a top, may be an intermediate top.
> Index has been in a strong uptrend inside a channel.
> It seems the a gramophone pattern is in the making and currently its the last leg of the pattern. This leg may face strong resistance at the
ends of the uptrend channel.
> Can't say about the exact levels but if we...