What is #Nifty upto? A Falcon Waves perspective!

25 Haz 2022

Celebrating Saturday with some education.

After over 2+ years of research, I have developed Falcon Waves, an easy alternative to Elliott Waves, perhaps simple wave count method for general public.

The main Falcon Waves concept is a ABCDE format
A goes to the starting point
B is a pull back for final rally up
C is the top wave
D is the bottom wave
E is the consolidation

NIFTY MONTHLY CHART - FALCON WAVE


Falcon Waves runs in ABCDE pattern. We are in wave D which has 5 waves down in #Nifty monthly chart. Looks like 3 is finished and we are in 4th wave upside. This should finish in this rally and then last wave down will end this correction followed by E wave that is consolidation

Looks like 3 is finished and we are in 4th wave upside. This should finish in this rally and then last wave down will end this correction followed by E wave that is consolidation. Falcon Waves starts with A and ends with a consolidation phase marked in E wave.

#Nifty #Nifty50 is in wave D, and it is in 4th wave of D. This should end soon around 16200-16500 levels. Followed by 5th wave down.

Here are different charts based on different time frames for your reference. You can practice it and ask questions and I will be happy to answer them.

NIFTY WEEKLY CHART - FALCON WAVE


NIFTY DAILY CHART - FALCON WAVE


Want hourly chart Falcon Wave?
Follow me on Trading View and get daily Nifty Falcon Wave counts on 1H chart.

25 Haz 2022

Not

While doing so, here is a bear snapshot... the swords are out but it will allow you to touch 15800 perhaps.

10 Tem 2022

İşlem kapandı: hedefe ulaştı

Check first chart and relate to the targets.