NIFTY WILL CORRECT UPTO11300Using my vast experience in Elliot wave labelling, I charted a super cycle count for NIFTY INDEX.
NIFTY Completed its 5 legged 3rd wave and extended its ''B'' Wave recovery(Running flat correction)to16700
A five legged wave 'C' of WAVE ''4'' will bring the index to minimum 38.2% to 11300 before April 22 and oscillate up and down till July24
We have more time to resume 5 th wave ,which will make you richer again to 25000
NOW its time to play with bears
4thwave
BTC- 4 TH WAVE CONSOLIDATION DETAILED STUDYEven though i tried my wave count to convince the BTC bulls, it is not possible for me to deviate from NW rules in time cycles.
Wave 4 has to to take equal time as wave 3 taken, if you apply this rule ,we have more time left to finish wave 4,
So far wave 'A' of wave 4 completed in 5 waves (wxyxz), therefore wave B will resume fastly ,DON'T assume it as 5 th wave
Because after wave 'B', BTC bears will start selling to complete the final wave 'C' until 25th OCT,2021.
Since wave A is 5 segmet(motive) waves,the retracement of B is limited to 61.8%(47895)(2nd AUG)
Wave C must be of 5 wave down after wave B with a minimum target of 25300.
Hence 5 th wave will resume from NOV,21