Nifty Elliott Wave Analysis

[Bimbo]

Wave 2 is forming maybe a abc Zigzag or 1,2,3 of "A" leg of a zigzag.Going towards projected targets.Structure will get clear in a day or two

 

[Bimbo]

15 mins Nifty with internal structure

 

[ranjan]

remember your 1,2,3,4&5 are the labellings for the extended 5th wave(not simple motive wave) & if market does not reverse from the previous wave 4 then it will take us to the wave 2 of the 5th wave extension according to elliott guidelines
regards
ranjan

 

[ranjan]

always remember 5th wave extensions are subject to dramatic reversals& now what is happening in our market exemplifies that only
happy trading:clap:

 

[SCION]

Good Observation.

always remember 5th wave extensions are subject to dramatic reversals& now what is happening in our market exemplifies that only
happy trading:clap:

 

[Bimbo]

Nifty forming Triangle for 4 Th of C wave ?? If it is a Triangle then Nifty may see approx 70-80 points rise from bottom of wave "e" & Nifty may go above 4860

 

[hills_5000]

guys...it would be nice if you give the inferences after the jargon used for those of us who dont quite follow EWA ..

Thanks

Nifty forming Triangle for 4 Th of C wave ??

 

[Bimbo]

Another alternative is 4 th wave may form abc Zigzag with a wave being Leading diagonal.So c wave has to go below 4769 i.e below a wave & then 5 th wave up.Either alternative shows atleast 1 wave to the upside

DISCLAIMER The content given here is only for Educational purpose & not for Trading.The Analyst cannot be held responsible for any losses incurred by acting on the content.Trading in Futures & stock market is Risky.So consult your own Financial Analyst to trade

 

[rock007007]

please send option stretegy from [email protected]

 

[ranjan]

I think since wave 2 is sharp therefore from the theory of alternation wave 4 should be sideways & these are the leballings for wave C of the countertrend move ABC.