Elliott Wave Theory

WaveSurfer

Well-Known Member
And what will be the counts if BankNifty prints above/around 15400.
Will there be recount ????
Yes , then there will be recount . Suppose if that happens and market opens up with a gap above 15400 , i shall be looking for an ending diagonal count as illustrated.

These smaller timeframes are dynamic. As the market prints new bars, counts evolve with that.

 

WaveSurfer

Well-Known Member
Nifty Futures Daily



on Daily , it seems to be making an ending diagonal C of expanding variety. currently in wave 4.

Nifty Futures Hourly



the hourly chart is about to complete its point zero with a divergence which will complete the wave 4 on the daily.

Nifty Futures 5 Min



The 5 minute chart ,too, is about to make a point zero which should complete the wave C on hourly . It's about to form a bearish butterfly too.
let's see how it pans out.
 

Fundootrader

Well-Known Member
Nifty Futures Daily



on Daily , it seems to be making an ending diagonal C of expanding variety. currently in wave 4.

Nifty Futures Hourly



the hourly chart is about to complete its point zero with a divergence which will complete the wave 4 on the daily.

Nifty Futures 5 Min



The 5 minute chart ,too, is about to make a point zero which should complete the wave C on hourly . It's about to form a bearish butterfly too.
let's see how it pans out.
bearish or bullish - butterfly is really beautiful :thumb:
 

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