View on Nifty chart using Elliott wave

2022年5月29日

This analysis covers the Elliott wave count from Mar'20. I'm not expert in Elliott wave, just learning from my mistakes.

The waves 1,2 and 3 from Mar'20 low are completed and wave 4 is being in progress for sometimes.

In wave 4, double zigzags correction are already completed and third zigzag is in progress.

Disclaimer: Making any trade decision based on this analysis is on your own risk.

2022年5月31日

註釋

Wave 4.C is about to complete.

2022年5月31日

註釋

Wave 4.C should complete above yesterday high. It will just finish above yesterday high and can't go far away from there.

2022年6月1日

註釋

In wave 4.C, wave y was completed on 30th May and then formed a triangle till today low as wave x. Now final wave z is in progress and should complete above 30th high as a zigzag correction. And then bear trend will be continuing.