Hi all,
A quick post below for the
Elliot wave fans amongst us. NIFTY spot hourly charts posted. Gives and very
good Elliot wave formation view. Based on this we are done with wave 5 now. So
What’s Next?
- Either we are in a corrective wave
- Or a complex wave formation where a new wave starts.
 |
| NIFTY Spot Elliot Wave hourly Charts |
Potential retracement
levels from here assuming this as intermediate bottom as this co incides with
the gap filling zone.
ü We would expect to see a retracement to 5295-5300 zones
in the first place.
ü Above that Lies 5330-35 which is 50% retracement of the
swing. Movement above that zone can be treated as a strong reversal.
Let us all watch out in
the coming sessions. Happy and Safe trading J
No comments:
Post a Comment