NIFTY 50 Elliott Wave Analysis Hourly chart
NIFTY-50 INDEX
If we closely observe the counts from 15194 low point it is not looking like an impulsive move. The nifty has been in the corrective move so far. The correction is so irregular the laymen cant understand what is happening right now in Nifty. Thanks to Elliott wave theory we can read fine prints of the candlestick printed by the market make. The moves are in 3 wave structures and every move has double correction. The last move under the channel is looking like an WXYXZ correction. All the levels are marked what could I understand from the NIFTY 50, Chart.
Thank for your love.
If we closely observe the counts from 15194 low point it is not looking like an impulsive move. The nifty has been in the corrective move so far. The correction is so irregular the laymen cant understand what is happening right now in Nifty. Thanks to Elliott wave theory we can read fine prints of the candlestick printed by the market make. The moves are in 3 wave structures and every move has double correction. The last move under the channel is looking like an WXYXZ correction. All the levels are marked what could I understand from the NIFTY 50, Chart.
Thank for your love.
Penafian
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