I have shared nifty wave count on day chart.
Apart from wave counting, you can see I have marked the length of wave 1 and wave 3,
which is approximately equal in terms of %age, i.e. approx 10%.
Well as per Elliot wave theory, one of the waves has to be longest.
Usually the longest wave is wave 3, but if in case 1 and 3 is equal, chances is very high to have an extended wave 5.
This is the reason why I am expecting an extended move this time in its 5th.
Lets see how it goes from here.
Keep learning guys.
Best of luck
Apart from wave counting, you can see I have marked the length of wave 1 and wave 3,
which is approximately equal in terms of %age, i.e. approx 10%.
Well as per Elliot wave theory, one of the waves has to be longest.
Usually the longest wave is wave 3, but if in case 1 and 3 is equal, chances is very high to have an extended wave 5.
This is the reason why I am expecting an extended move this time in its 5th.
Lets see how it goes from here.
Keep learning guys.
Best of luck
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.