Short Nifty with Elliott wave theory

elliott wave theory Plotting on Nifty Day Chart

1. Wave 1 Formation: from 10450(11 March,2020 Closing price) -9570(12 March Price) = 880

2 Wave 2 Formation: Repulsive Wave

3 Wave 3 Formation: 9992( 13 March Price) - 8323( 19 March Price) = 1669

4. Wave 4 Formation: Repulsive Wave

5. Wave 5 Formation: 8723 (20 March Price) - 7637 (23 March Price) = 1086

Wave 1 < Wave 5 < Wave 3

Tried to Plot Impulsive wave Form ABC: Last C Wave form @9300.



Now,