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| Hourly EWP |
Nifty may dip to 5230 levels to complete the wave (c) of [y]. Currently we may be in wave {4} of (c) consolidation. Once this correction is done, we may see a sizable correction to this down move. Also we have broken down from the consolidation range on the downside, below 5297.75.
Dear Aniruddh !
ReplyDeleteC:3:4 { 4th( as expanded flat) with in 3rd of C } seems more suitable label for the current status, Because 1st being 68 points, 3rd started from 5369 should do atleast 110 points ( 5360 ), in this way this C:3:4 should not go beyond 5308 followed by C:3:5 of roughly 50 points to down followed by C:4 ( roughly 38% of 3rd) & then final C:5. IMHO
Dear friend can you please post a chart with your markings on it. I get confused with numbers, feel comfortable with charts.
DeleteHi Aniruddha, many thanks for your valuable information and the blog as well. I'm just 4 months old to trading industry and am very much impressed with your say on Elliot Wave and its effectiveness. I'm keen to learn a lot about Elliot Wave and use it to do the trading as well. Could you help me out on how to start this learning procedure and what are the books and websites available for us? Thanks in advance!
ReplyDeleteYou can start with book by Prechter on EWP. There are many other books by following authors, you can read them as well. Ramki Ramkrishnan, Robert Balan, Robert Beckman. Also you can visit www.elliottwave.com for additional resources.
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