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Nifty Analysis for Tomorrow |6 FEB 2024 | ELLIOTT BABANifty Analysis & Bank Nifty Prediction for Tomorrow |6 FEB 2024 | Elliott Wave Theory | ELLIOTT BABA Nifty Analysis & Bank Nifty Prediction for Tomorrow |6 FEB 2024 | Elliott Wave Theory | ELLIOTT BABA This prediction is for the Nifty Index and it's based on a technical analysis of the market. I'll also be providing an option trading setup for beginners so that you can start trading options today! If you're looking to invest in stocks or options, then this is the video for you!
NSE:NIFTY
by Elliottbaba
EXPANDED FLAT PATTERN : Elliott Wave theory ( Elliott BABA)A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB
OANDA:XAUUSD
by Elliottbaba
Pattern Confirmation : Elliott wave Theory (Elliott Baba)Pattern Confirmation : Elliott wave Theory (Elliott Baba) 1 - Break 2-4 Trendline : To identify whether wave 5 has been completed or not . One should have draw a 2-4 trend line and check below condition . 1- Draw a 2-4 trendline 2- Calculate the total time of formation of wave 5 3- Now if wave A will break 2-4 trendline in less time then formation of wave 5 then it will be confirmation of completion of wave 5 4- If it takes more time to break 2-4 trendline by wave A in comparison with wave 5 then there must be 5th wave is in formation or still 4rth wave is running .
NSE:NIFTY
by Elliottbaba
Rule Of Alternation : Elliott Wave Theory RULE OF ALTERNATION: 1- Price 2- Time 3 - Severity 4-Intricacy Alternation 5- Construction Alternation Time Alternation : If wave 2 Take less time in formation then wave 4 will take more time as compared to Wave 2 and VICA-VERSA Severity Alternation ): If wave 2 will dipper then wave 4 will shallow and VICA VERSA Intricacy Alternation : If wave 3 is devided into 5 subwave then wave 1 may be of single move . VICA:VERSA Construction Alternation : If wave 2 will be Flat correction then wave 4 must be Zigzag or triangle
NSE:NIFTY
by Elliottbaba
Ending Diagonal : Elliott wave Theory | Elliott babaEnding diagonals consist of 5 waves, labeled 1-2-3-4-5. Each wave subdivides into threes. Waves 1 and 4 overlap in price. Wave 3 can not be the shortest among waves 1, 3 and 5. Wave 1 is usually the longest, but not necessarily. Wave 5 of an impulse and wave C of an A-B-C correction are the places, where you should be looking for an ending diagonal. Since it is the final movement of the sequence, after an ending diagonal prices are expected to go back to the level, where the pattern had started.
NSE:PFC
by Elliottbaba
Triangle Pattern Correction : Elliott Wave A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of waves A and C, and B and D. Wave E can undershoot or overshoot the A-C line, and in fact, our experience tells us that it happens more often than not. Types of Triangles There are three varieties of triangles: contracting, barrier and expanding, as illustrated in Figure 1. Elliott contended that the horizontal line of a barrier triangle could occur on either side of the triangle, but such is not the case; it always occurs on the side that the next wave will exceed. Elliott’s terms, “ascending” and “descending,” are nevertheless useful shorthand in communicating whether the barrier triangle occurs in a bull or bear market, respectively. Figure 1 depicts contracting and barrier triangles as taking place entirely within the area of preceding price action, which may be termed a regular triangle. Yet, it is extremely common for wave B of a contracting triangle to exceed the start of wave A in what may be termed a running triangle, as shown in Figure 2. Despite their sideways appearance, all triangles, including running triangles, effect a net retracement of the preceding wave at wave E’s end.
NSE:KECL
by Elliottbaba
ENDING DIAGONAL : ELLIOTT WAVE ( ELLIOTT BABA)ENDING DIAGONAL : ELLIOTT WAVE ( ELLIOTT BABA) Ending diagonals consist of 5 waves, labeled 1-2-3-4-5. Each wave subdivides into threes. Waves 1 and 4 overlap in price. Wave 3 can not be the shortest among waves 1, 3 and 5. Wave 1 is usually the longest, but not necessarily. Wave 5 of an impulse and wave C of an A-B-C correction are the places, where you should be looking for an ending diagonal. Since it is the final movement of the sequence, after an ending diagonal prices are expected to go back to the level, where the pattern had started. A real-life example of an ending diagonal with all its features is given on the chart of AUD/USD below.
NSE:NIFTY
by Elliottbaba
Ending diagonals : Elliott Wave Anlysis Ending diagonals consist of 5 waves, labeled 1-2-3-4-5. Each wave subdivides into threes. Waves 1 and 4 overlap in price. Wave 3 can not be the shortest among waves 1, 3 and 5. Wave 1 is usually the longest, but not necessarily. Wave 5 of an impulse and wave C of an A-B-C correction are the places, where you should be looking for an ending diagonal. Since it is the final movement of the sequence, after an ending diagonal prices are expected to go back to the level, where the pattern had started. A real-life example of an ending diagonal with all its features is given on the chart of AUD/USD below.
FOREXCOM:US30
by Elliottbaba
Leading Diagonal : Elliott wave Analyisis (Elliott Baba)Leading Diagonal : Elliott wave Analyisis This pattern subdivides into 5 waves. Wave 2 never ends beyond the starting point of wave 1. Wave 3 always breaks the ending point of wave 1. Wave 4 usually breaks beyond the ending point of wave 1. Wave 5 in the absolute majority of cases breaks the ending point of wave 3. Wave 3 can't be the shortest. Wave 2 can't be a triangle or a triple three structure. Waves 1, 3 and 5 can be formed like impulses or zigzags.
NSE:INDUSINDBKEducation
by Elliottbaba
TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of zigzag d- X wave of Double Three correction and XX wave of Tripple Three e- XX wave of Double Zigzag correction f- Wave D in triangle itself Subdivided into three (3-3-3-3-3) Subdivision of ABCDE can be either ABC, wxy, or flat
NSE:MGL
by Elliottbaba
TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA)TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA) A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of zigzag d- X wave of Double Three correction and XX wave of Tripple Three e- XX wave of Double Zigzag correction f- Wave D in triangle itself Subdivided into three (3-3-3-3-3) Subdivision of ABCDE can be either ABC, wxy, or flat
NSE:COROMANDEL
by Elliottbaba
B FAILURE RUNING FLAT : ELLIOTT WAVE ANALYSIS [ELLIOTT BABA]B FAILURE RUNING FLAT : ELLIOTT WAVE ANALYSIS RUNNING FLAT : • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C fails travel the full distance, falling short of the level where wave A ended Fibonacci Ratio Relationship • Wave B = 123.6%-138% of wave A • Wave C must be 38% of wave A
NSE:DEEPAKFERT
by Elliottbaba
EXPENDED FLAT : ELLIOTT WAVE CORRECTIONEXPANDED FLAT CORRECTION 2- EXPANDING FLAT : • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB
NSE:IGL
by Elliottbaba
Regular Flat : Elliott Wave Correction Regular Flat : Elliott Wave Correction Identified By student which shows the complete formation of Elliott wave flat correction which is following basic the rule of subdivision of wave as 335 . Although Find the basic rule for flat correction for your prectice : REGULAR FLAT : 1- A Corrective 3 waves move labelled as ABC 2- Subdivision of wave A and B is in 3 waves 3- Subdivision of wave C is in 5 waves impulse / diagonal 4- Wave B Terminates about the beginning of Wave A 5- Wave C Can Terminate Till End Point of Wave A 6- Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
NSE:INDRAMEDCO
by Elliottbaba