ELLIOT FORECAST FOR 27 JUL 20
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
NIFTY TODAY WITH A GAP DOWN REMAIN BEARISH IN THE INITIAL TRADING HOURS...HOWEVER IN THE LATER HALF BOUNCED BACK AND CLOSED RED WITH A THIN MARGIN...NOW GETTING INTO THE ANALYSIS,YESTERDAY APPRECIATED A ENDING DIAGONAL WITH THE 5TH WAVE EXTENDING ALMOST TOWARDS 11307 ...THE 5TH MINOR WAVE IN FACT TURN OUT TO BE TRUNCATED(I APPRECIATE)...NOW NIFTY IS AT A CRITICAL JUNCTURE i.e 100% RE-TRACEMENT FOR A CORRECTIVE A-B-C PATTERN FROM THE BOTTOM OF MARCH..(11184)...HERE WE CAN VISUALIZE DISTRIBUTION ALSO BEEN HAPPENING...PRESENTLY APPRECIATING AN IMPULSIVE SUB-WAVE HAVE COMMENCED...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
TRADE AS PER OWN RISK ASSESSMENT.
NIFTY TODAY WITH A GAP DOWN REMAIN BEARISH IN THE INITIAL TRADING HOURS...HOWEVER IN THE LATER HALF BOUNCED BACK AND CLOSED RED WITH A THIN MARGIN...NOW GETTING INTO THE ANALYSIS,YESTERDAY APPRECIATED A ENDING DIAGONAL WITH THE 5TH WAVE EXTENDING ALMOST TOWARDS 11307 ...THE 5TH MINOR WAVE IN FACT TURN OUT TO BE TRUNCATED(I APPRECIATE)...NOW NIFTY IS AT A CRITICAL JUNCTURE i.e 100% RE-TRACEMENT FOR A CORRECTIVE A-B-C PATTERN FROM THE BOTTOM OF MARCH..(11184)...HERE WE CAN VISUALIZE DISTRIBUTION ALSO BEEN HAPPENING...PRESENTLY APPRECIATING AN IMPULSIVE SUB-WAVE HAVE COMMENCED...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
TRADE AS PER OWN RISK ASSESSMENT.
Note
IMPULSIVE SUBWAVE OR 3RD CORRECTIVE SUBWAVE...PLEASE DO YOUR OWN ANALYSIS.Note
PLEASE DONT GO SHORT AFTER 11075....DOW FUTURE HAVE MADE POSITIVE DIVERGENCE...Note
EXPECTING A SHARP DECLINE TOWARDS 11075..Note
FIZZLED OUT
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