Elliott Wave Theory

On the monthly chart , SBI seems to be in wave 5 and should go around 500.



On the weekly chart , it seems to be tracing out a leading diagonal wave 1 of wave 5 on the monthly.

In this leading diagonal since wave 1 is longer than wave 3 so wave 5 should be shorter than wave 3. IF wave 5 equals wave 3 , then SBI would be in wave 3 of 3. This leading diagonal should complete around 340.



EW basics 101 : If it takes more than two minutes to figure out a count on a chart , probability is it will be wrong. Putting a count for learning purpose is one thing but trading a good looking count is the real thing.
 
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Last edited:
Durgesh, Guptaji

Pls upload wave counts for AKZOINDIA, VA TECH WABAG and AARTIDRUGS ....
 

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