Dear friends,
As we see in the chart, Nifty is correcting rapidly from an all time high level.
While counting the Elliot waves, we can see that waves 1 and 3 on the downside have been completed.
The five waves of wave 3 are shown in the chart.
Now we can expect wave 4, which is likely to consolidate for a few days.
Wave 4 is likely to have moves on either sides and it can form a zig zag or a flat or a triangle pattern. I had shown a flat pattern of wave 4 in the chart.
As per my view, the right time to invest will be at the end of wave 5 which is likely to be around 24000 to 24300 levels.
Get ready to ride the bumpy wave 4 guys!
Trade with appropriate stoploss.
As we see in the chart, Nifty is correcting rapidly from an all time high level.
While counting the Elliot waves, we can see that waves 1 and 3 on the downside have been completed.
The five waves of wave 3 are shown in the chart.
Now we can expect wave 4, which is likely to consolidate for a few days.
Wave 4 is likely to have moves on either sides and it can form a zig zag or a flat or a triangle pattern. I had shown a flat pattern of wave 4 in the chart.
As per my view, the right time to invest will be at the end of wave 5 which is likely to be around 24000 to 24300 levels.
Get ready to ride the bumpy wave 4 guys!
Trade with appropriate stoploss.
トレード終了: 利益確定目標に到達
As expected, wave 4 kept moving sideways for a few days but didn't trouble much and then wave 5 reached our target zone.We may see the final leg of the correction in the coming days, which is likely to be the low for this year. Expecting a recover soon.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。