nikhilnbr

nikhilnbr

now we are in wave 4 or it may be the wave a of next ABC correction

nikhilnbr

the wave 3 is only 0.786 of wave 1, so chance are high that this will be a zigzag or wave 3 may subdivide and now laballed wave 3 may be wave 1 of wave 3

nikhilnbr

wave a of wave 2 may develop in impulsive or in correction mode

nikhilnbr

Bitcoin is in larger correction wave 2 and there is a great chance for it falling to wave 4 of previous degree around 4000 dollar

nikhilnbr

can be impulsive or correction for smaller degree. larger degree is wave 4, so this may be zigzag correction or triangle first leg or combo. Other possibility is trend change then it would be impulsive move to downwards, but chances are less. good chance is for side ways market for coming 2-3 days if it is wave 4 and if market is falling then it is impulsive move downwards

nikhilnbr Updated 

beginner in elliot wave, and thinks 3rd wave is going to complete and if the analysis is right then we can see a large drop in banknifty as it is extended 5rd wave

nikhilnbr

4 wave is almost completed and expecting a extended 5 wave

nikhilnbr

harmonic bullish bat pattern in flat correction of 4th wave and think it will be the start of 5th wave probably

nikhilnbr Updated 

BEARISH BAT PATTERN

nikhilnbr

BUY = 450 TARGET 1 = 460 TARGET 2 = 474 TARGET 3 = 487 STOPLOSS = 440 RISK REWARD 1:2.5 IF TARGET 2 IF ACHIEVED

nikhilnbr

PRZ ZONE = 302-309 TARGET 1 = 374 TARGET 2 = 415 STOPLOSS = 260 RISK REWARD = 1:2.5 WATCH THE PRICE ACTION IN THE PRZ