- I am trying to count either a triple three or an ending diagonal on Nifty, marked with appropriate labels on the chart.
- The target for this possibly last leg of this pattern should be the last high around 6338.50.
- And as regards the pattern which this last wave may take, it should mock the wave [a].
- So though I am expecting a short term pause before we strike 6340 odd levels, I would not dare the price, its better to follow it until there are clear signs of trend stalling or reversing.
Wednesday, May 08, 2013
Nifty - Elliott Wave Update
Tags
# Elliott Wave
# Indices
About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...
Updates
Categories:
Elliott Wave,
Indices,
Nifty,
Updates
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
...I am thrilled to learn what you think about this piece of content...