Magic of Rightful Knowaldge

Well I seen many self claimed Elliott Wave theorist ,

its hard to believe that they claim so much in tune without having proper knowledge how the system works

Even on one instance I do did believe the Extensions might occur in current last impulse , but weekly close confirmed the Extensions are no longer possible after massive sell off ,


The current status confirms the End of 5 wave Impulse move up , and its due for Corrective action , the hypothetical theory which is in use to Gauge the Financial Market is now come to end , the advances form 1991 to till date confirms the move was in impulse manner and was repeating its move in all time factors ,
Current move down also confirms the start of Corrective moves , but it has few possible options with it

The corrective phase can move in two distinctive pattern

01) Side ways pattern which we all know as flat pattern

02) Deep pull back which leads to formation of Zig Zag and combination of Zig Zag pattern

I am currently looking this will likely end up in deep pull back and high likely my 1st target is due in short period of move

One can look for short selling Opportunity ,