corrective wave combination of abc's or simple abc.
From the structure developing i am anticipating we have finished A leg 4639
and then started a big B leg which again is unfolding in abc structure
which already completed a and b leg and right now getting ready to pump up
in c to finish the big B we could well see a fast run up and nifty could see 5050,5100
in no time it this count is correct.
After that we can see the big C down unfolding.Lets see how market behaves
if it does something else i would revist counts.
RESEARCH REPORTS
thanks for the update.
ReplyDeletecould you if possible post a Hourly Elliott chart.
Manish the hourly chart wave labeling can confuse many readers so have avoided it .
ReplyDeletewould be helpful to others though :)
ReplyDeletewhat level can negate this c of B.below which level.
next week as holiday for US / Europe mkts.. nifty expiry (dec 29th) either 4700 or 5100 we can expect...
ReplyDeletei too hold the same view on nifty but with a different count, wave a ended at 4532, now wave b is on should target 5140 quickly.
ReplyDeletehave done my analysis in skumar click here
has B leg ended or it will still get extended to 5180-5210.. I have similar count. But New to Elliot wave. Just help me to label the current rise from 4588 to 5140.
ReplyDeleteThanks & Regards,
Harsh Dixit.