Aixs Bank NSE, WAVE 2 Analysis. This is the practice series i am starting. Its a request from all the ellioticaians to please join this tutorial. It is a way in which you can practice at first, then check your countings with mine. It will help a lot. There is not a lot of theory on elliott but requires too much practice. So please join this campaign, help me...
This is my most preferred count of nifty from the march 2020 low.
A pullback target for the diagonal building up. A gap down expected on Monday.
FROM LONG TERM, TO MID TERM TO SHORT TERM. This is the zone, from which the reversal is expected. 1000 points of buffer because it would be ending a very big cycle of elliott wave. Be caareful. Lets prepare for the crash.
THE FIRST DIAGONAL TRIANGLE MAY BE COMPLETE, AND THE 2ND WAVE DOWN WILL BE ON ITS WAY. AFTER THAT 3RD WAVE WILL START. GET READY TO GET IN FOR THE UPCOMMING THIRD WAVE. All this happens if my elliott wave analysis is right. Else we will have to relabel as the picture unfolds.
This is my first Elliott wave analysis i am posting. As you can see that we are almost at the end of a major bull cycle. 3 big degree waves are about to end. The most probable level is near 18000. Then the price may revert back to approximately near 5000 level. I'll put most exact levels after detailed analysis. How i picked up the major degree 3rd wave in the...