Explained in the chart
it should follow the green channel . traders should be willing to pay mtm . time is along with the slope of the elliott channel line. remember we r in in wave 5 territory of a lesser degree, regards
Seems to be in wave ((iv))
Described in the chart . Regards
Described in the chart . Regards
Described in the chart . Regards
Described in the chart . Regards
Described in the chart .
Explained in the chart
Nifty seems to be making a triangle in wave 4 since it is not giving a clear cut impulsive decline. The triangle still has to make waves d and e so it is not complete . If we dont see an impulsive decline that first breaks the red trendline and then the end of wave A then a triangle is confirmed . If broken then we may see an impulsive decline . Regards.
. In here we are dealing with larger degree wave 5 in detail.
Explained in the chart regards . But its a good buy for a trader .
C is an impulse . This normally happens when wave B is a triangle . Regards
See the sharp move after completing of of the ED . Regards
Explained in the chart . Regards
Described in the chart