Very very nice analysis, droping ↘️nifty also put a sparkling diamond in ur🏅 crown,
Dinesh_C_Nagpal
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The CNX METAL index is also at a Bearish Harmonic Reciprocal AB=CD
Marcus06
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How come the minute wave 3 within the minor wave 5 have an ending diagonal? Aren't wave 3 considered the best wave for growth and the major move of an impulse comes in wave 3? Then how come wave 3 have a diagonal which represents the uncertainty and weakness in market?
Another thing, after the diagonal in wave 3, in your count, you plotted minor wave 4 in the price territory of minor wave 1. One of the basic Elliot rule states that the, " the fourth wave never enters the price territory of first wave." and this never happens especially in a third wave, which again is considered the best wave for growth.
One final thing, in your plot, you plotted waves w, x and y after the end of minor wave 4. When waves w, x and y are considered corrective waves. How can they be a part of wave 5 rather than the part of corrective wave 4?