ELLIOT FORECAST FOR 3 JUL 20
ANALYSIS BASED OB TECHNICAL PARAMETERS ( NO NOISE)
TODAY NIFTY BROKE THE CHANNEL WITH GAP UP AND REMAINED BULLISH TILL FAG END OF THE DAY W/O DISPLAYING ANY WEAKNESS.
WAVE 3 COMPLETED TODAY WITH 161% RETRACEMENT. CYCLE IV WAVE AS OF NOW LOOKS INCOMPLETE AS IT HAS NOT RETRACED TO THE DESIRED LEVEL.TAKING IT FURTHER AS OF NOW WAVE V IS UNDER PROG AND LIKELY TO RETEST TODAYS HIGH... SO CORRECTIVE DECLINE CAN BE EXPECTED THEREAFTER.
ASSESSMENT MADE FOR EDUCATIONAL PURPOSE...TRADE AS PER YOUR RISK..
VIEWS MOST WELCOME.
TODAY NIFTY BROKE THE CHANNEL WITH GAP UP AND REMAINED BULLISH TILL FAG END OF THE DAY W/O DISPLAYING ANY WEAKNESS.
WAVE 3 COMPLETED TODAY WITH 161% RETRACEMENT. CYCLE IV WAVE AS OF NOW LOOKS INCOMPLETE AS IT HAS NOT RETRACED TO THE DESIRED LEVEL.TAKING IT FURTHER AS OF NOW WAVE V IS UNDER PROG AND LIKELY TO RETEST TODAYS HIGH... SO CORRECTIVE DECLINE CAN BE EXPECTED THEREAFTER.
ASSESSMENT MADE FOR EDUCATIONAL PURPOSE...TRADE AS PER YOUR RISK..
VIEWS MOST WELCOME.
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