Elliott wave: Beyond double/triple-three combination correction
Actualizado
Here I share that not only impulse can have multiple inner wave, corrective too does (there is possibility that multiple double/triple-three combination correction). One who knows elliott wave can understand this.
Nota
Once the current correction is completed (if there is no any Z pending) and my analysis is correct, Nifty may move upside from here towards 14650 by TWO double/triple-three combination corrective structureNota
You can also notice that fall from 14650 (from Jan 13) is WXY where W is TWO double-three combination correction and Y is another TWO double-three combination correction. You can clearly count in 5min timeframe.Nota
The correction continued and it was Z (from 14403). Z should be double/triple-three combination. Here not sure whether it was double-three or single-three as it was sharp fall (if it was single-three, there is another abc and should not break 14143). [note: but in BankNifty, Z almost reached the maximum projection so there is no room for further fall if the analysis is correct]Nota
Nota
As expected, it was reversed and moving towards 14650. w of (Z) is completed as triple-three combination and x of (Z) is in progress.Nota
There is little confusion that whether morning-session upmove is y of (Z) or afternoon-session's upmove. Need to see further upmove development.Nota
If afternoon-session's upmove is y of (Z), z of y as abc and z of (Z) as double-three are pending. If afternoon-session is z of (Z), z of z as abc is pending. Need to see tomorrow's upmove developmentNota
Marking this study as not valid. I totally misunderstood.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.