Nifty, Long term elliot wave count.
Continuing earlier post on long-term count in Nifty.
Wave 3 in longer timeframe has started.
Also we are seem to be in wave (iii) of this wave 3 of long term.
In coming months we can see corrective (iv) and final impulse (v) to complete wave 3.
I do not use this wave count to take or exit trades in nifty future/options. I use it as guidance on what is the mood in market. So instead of predicting the next wave I keep track of possible current wave count.
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I am not a Registered Financial analyst:
1 Learn the concept, not tip
2 Master 1-2 strategy, stick to it for consistent results
3. For weekly charts, Target/SL takes 1-9mon
5. Strict SL is on weekly closing basis
6. Diversify in at least 20 stocks
Wave 3 in longer timeframe has started.
Also we are seem to be in wave (iii) of this wave 3 of long term.
In coming months we can see corrective (iv) and final impulse (v) to complete wave 3.
I do not use this wave count to take or exit trades in nifty future/options. I use it as guidance on what is the mood in market. So instead of predicting the next wave I keep track of possible current wave count.
--------
I am not a Registered Financial analyst:
1 Learn the concept, not tip
2 Master 1-2 strategy, stick to it for consistent results
3. For weekly charts, Target/SL takes 1-9mon
5. Strict SL is on weekly closing basis
6. Diversify in at least 20 stocks
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