Educacional

Elliott wave: Beyond double/triple-three combination correction

Atualizado

Here I share that not only impulse can have multiple inner wave, corrective too does (there is possibility that multiple double/triple-three combination correction). One who knows elliott wave can understand this.

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Once the current correction is completed (if there is no any Z pending) and my analysis is correct, Nifty may move upside from here towards 14650 by TWO double/triple-three combination corrective structure

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You can also notice that fall from 14650 (from Jan 13) is WXY where W is TWO double-three combination correction and Y is another TWO double-three combination correction. You can clearly count in 5min timeframe.

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The correction continued and it was Z (from 14403). Z should be double/triple-three combination. Here not sure whether it was double-three or single-three as it was sharp fall (if it was single-three, there is another abc and should not break 14143). [note: but in BankNifty, Z almost reached the maximum projection so there is no room for further fall if the analysis is correct]

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As expected, it was reversed and moving towards 14650. w of (Z) is completed as triple-three combination and x of (Z) is in progress.

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There is little confusion that whether morning-session upmove is y of (Z) or afternoon-session's upmove. Need to see further upmove development.

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If afternoon-session's upmove is y of (Z), z of y as abc and z of (Z) as double-three are pending. If afternoon-session is z of (Z), z of z as abc is pending. Need to see tomorrow's upmove development

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Marking this study as not valid. I totally misunderstood.

dhinesh_kumar

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