3 JAN 2022 Nifty Prediction | Nifty Elliott wave analysisHAPPY New Year in advance to all traders /investors
Dear traders ,
as you can see in image nifty is making correction and now it is at the final position of forming wave 4 where it will go up towards 17600,17800 . once it will complete a trangle pattern of big time frame it will start down move for completing wave 5. Now the coming tgt is 17500,17600,17800,18000 in coming days .
Thnx for reading ,
Happy New Year 2022
Ellio
SHORT: Simulation with Elliot Diagonal triangle.
Difficult to predict the next price trend. Positive signals with the hash ribbon alternate with the trends of indicators and oscillators. The various already failed breakthrough attacks and the horizontal phase increase the sense of mistrust towards a bull phase.
With my analysis of Elliot I can hypothesize the formation of a final diagonal triangle on the 5th wave, the same one that in the previous analysis I had imagined truncated.
In short, the picture could stand up and announce a fall in the obvious price if the market is not manipulated by Bull Trap.