NIFTY ELLIOTT WAVE ANALYSIS LONG TERM
This is my first Elliott wave analysis i am posting. As you can see that we are almost at the end of a major bull cycle. 3 big degree waves are about to end. The most probable level is near 18000. Then the price may revert back to approximately near 5000 level. I'll put most exact levels after detailed analysis.
How i picked up the major degree 3rd wave in the middle, as with ichimoku, it becomes very easy to see the slope of the waves in comparison, and as you can see and if possible, do your own analysis, that the 3rd wave of the biggest degree in the chart has the biggest slope, of all.
How i picked up the major degree 3rd wave in the middle, as with ichimoku, it becomes very easy to see the slope of the waves in comparison, and as you can see and if possible, do your own analysis, that the 3rd wave of the biggest degree in the chart has the biggest slope, of all.
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