Elliott wave: Beyond double/triple-three combination correction

Here I share that not only impulse can have multiple inner wave, corrective too does (there is possibility that multiple double/triple-three combination correction). One who knows elliott wave can understand this.

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Once the current correction is completed (if there is no any Z pending) and my analysis is correct, Nifty may move upside from here towards 14650 by TWO double/triple-three combination corrective structure

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You can also notice that fall from 14650 (from Jan 13) is WXY where W is TWO double-three combination correction and Y is another TWO double-three combination correction. You can clearly count in 5min timeframe.

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The correction continued and it was Z (from 14403). Z should be double/triple-three combination. Here not sure whether it was double-three or single-three as it was sharp fall (if it was single-three, there is another abc and should not break 14143). [note: but in BankNifty, Z almost reached the maximum projection so there is no room for further fall if the analysis is correct]

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As expected, it was reversed and moving towards 14650. w of (Z) is completed as triple-three combination and x of (Z) is in progress.

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There is little confusion that whether morning-session upmove is y of (Z) or afternoon-session's upmove. Need to see further upmove development.

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If afternoon-session's upmove is y of (Z), z of y as abc and z of (Z) as double-three are pending. If afternoon-session is z of (Z), z of z as abc is pending. Need to see tomorrow's upmove development

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Marking this study as not valid. I totally misunderstood.

dhinesh_kumar

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

dhinesh_kumar