Introduction
In the world of financial markets, technical analysis plays a crucial role in understanding market trends and making informed investment decisions. One powerful tool in this domain is wave analysis, which has proven its accuracy time and again. In a recent BankNifty analysis, wave analysis beautifully predicted the index's movements, providing...
In old school method or traditional technical analysis pattern which rises & are messy in nature are called “wedge”.
In Elliott Wave analysis we call it “Ending diagonal or Type-2 diagonal” which ends the current trend. Both terms imply the same thing – reversal ahead or next.
Index has been in uptrend since key support 17260 which was suggested as Part -B...
