Potential Wave B Completion in Wave 4 Correction
Currently, Nifty appears to be in Wave B of an ongoing Wave 4 correction in the Elliott Wave structure. The price action suggests the possibility of filling the gap around the 81.2% retracement level, following which a decline in the form of Wave C might unfold.
Key Levels to Watch:
Resistance Zone: ...
This setup is looking good for swing trade.
Trade Setup -
Inverted head and shoulder formation
Weekly RSI divergence
X or 2 wave taking support near 50%.
TRADE Elliott Wave. View valid above 1159
