Elliott wave analysis # Can predict market or not !!!

23 Jan 2021

It does not matter that what technical tool we are using. If we use in right way without adjusting/ignoring any signal inputs, we can 'beat the market'.

If we use Elliott Wave correctly, Market can be predicted in well advance.
1. Follow Elliott wave rules, never disobey
2. Not do any adjustment in wave counting
3. Use right TimeFrame. Wave formation will be merged in higher timeframe and so do wave count

25 Jan 2021

Nota

Nifty updated wave count. Fall is still pending and going to be in range.

25 Jan 2021

Nota

Same view for Banknifty also and should not cross above 32000 level before correction completes

25 Jan 2021

Nota

----- My view is not for trading -----

26 Jan 2021

Nota

Alternative count: Suppose if wave (x),red color completed at 10:30 (Jan 25), fall from 10:30 is final part and almost completed, just z pending.

Max level it can fall further (should not go below this level)
Nifty : 14144 , Banknifty : 30718

To confirm that trend is reversed, it should cross this points from tomorrow low
Nifty: 301 , Banknifty: 10015

Either case - whether this alternative or previous one, fall may not continue stronger and there may be pull back as described

27 Jan 2021

Nota

*Banknifty: 1015

27 Jan 2021

Nota

High probability that alternative 2 would be correct one.

27 Jan 2021

Nota

Did few mistakes, so one expectation skipped. This is the fall 8-10% as described in the analysis

27 Jan 2021

Nota

This fall will be TWO (Y) + optional (Z) double three combination and optional TWO [Z] double three combination. So far (Y) almost completed