Dear traders as we know Nifty is in correction mode from 18th October 2021 . We have observed that it's making Zigzag pattern in corrective waves that is ABC whic is also subdivided into 3,3,3 Wave pattern . In zigzag pattern we found wave formation of 5,3,5 (it means Wave A have 5 wave ,B with 3 waves and again wave C will be subdivided by 5 waves .
Now Nifty is forming A wave of zigzag which is subdivided in 5 wave and it has completed 4 wave and now forming wave 5 in downside .
Now Nifty is forming A wave of zigzag which is subdivided in 5 wave and it has completed 4 wave and now forming wave 5 in downside .
Elliott BABA
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Elliott BABA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.