Nifty 50 Endeksi
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NIFTY...READY TO RESUME THE BULL TREND...

128
As per the Elliot wave analysis, the downtrend of Nifty moved in a 5-wave pattern.
Each impulse wave (ie waves 1,3 and 5) moved in 5 smaller waves.
Waves 3 and 5 were equal in length which was 1.23 times wave 1. This fits very well into the rules of the Elliot wave.
Waves 2 and 4 had a horizontal zigzag correction as expected.
We can expect corrective waves ABC upwards or the next 5 waves Elliot upward move as shown in the chart.
İşlem aktif
The resistance trendline is broken. Expecting good upward rally.

Feragatname

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