Intraday Nifty Futures Wave Count

Posting intraday nifty futures 5 min charts....with Elliott wave count marked on it as I see them.....we had a irregular running correction in 4 th wave...so I am expecting the ongoing 5th wave to be strong.....

Best wishes,

Smart_trade

Hmm, I find elliot wave concept quite interesting but haven't got hands on any book that explains it , so it was elusive to me .. But I hope with your posts and expertise, I will get to know it at last... Thanks for starting this thread..

Rider

Good books on Elliott waves are "Elliott Wave principles" by Robert Pretchter and "Mastering Elliott Waves" by Glenn Neely.....

In Elliott wave many times there are so many options and alternate wave counts open....so it is best to keep Elliott Wave analysis at the background but trade on actual price action....some times Elliott Waves are very clear...I use them only when they are clear.

Best Wishes,

Smart_trade

Nice Dada and congrats for moderator post

Hi Satya,...

Thanks....nothing has changed ,I am same ST for all friends in TJ......

ST

ST da.. Great to hit on this thread so early. Hope I am in for great learning & trading experience.. Any basic brief on the count computations?

Thanks SR_TA, I am no expert on Elliott Wave Theory....but I will post some basic theory,guidelines for correct wavecount etc...

Best Wishes,

Smart_trade

ST, Thanks for starting this thread.. Already subscribed to it and looking forward for more great stuff.

I use EW to get bigger picture.
As projected, we are in the wave 5 of 5 on this chart.. that is typically sign of the forthcomig correction. Time to tighten the stops, I think.

On daily TF, I think we are in 4th wave now that started from 4700.

Any thoughts on that, please ?

Hi, You said you posted the elliot waves, but I could not find it anywhere on the post.

I am a newcommer in this forum, hence I must have missed something. Please let me know.

Just got hold of Robert Pretchter book, but as my previous exp tells that practicals taught by teacher are more knowledgeable.. so looking forward to your guidelines etc...