Banknifty running flat formation
Running flat is an Elliott wave formation wherein c wave is short and does not even get in wave a price area of running flat.
Assumption:
Bank nifty chart has wave 1 hidden as india markert started with Wave 2 and what is forming is a b wave of complex running flat with 5 corrective
Waves marked in yellow colors are part of triangle forming in wave 4.
Wave marked in white are waves 1 to 5 corrective waves of b wave of running flat in formation.
Assumption:
Bank nifty chart has wave 1 hidden as india markert started with Wave 2 and what is forming is a b wave of complex running flat with 5 corrective
Waves marked in yellow colors are part of triangle forming in wave 4.
Wave marked in white are waves 1 to 5 corrective waves of b wave of running flat in formation.
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