Some one Just asked me about my view , so I am posting for them to understand how Professional view and take decisions during trade set ups
Most of them have read Elliott wave book or Saw Video or Paid for Mentor , its OK i agree because they did not had any study materials they had to depend on
Availability,
The Quality of available study material is very less even after so many years the Hypothesis theory is out
R N Elliott died in 1948 , since then people have been adding content in his original theory and they are selling it without knowing the proper results ,
My today Presentation should be Eye opening to those who claim they know everything
Market dynamics is not based on theory its based on Mass psychology , and if you can read the mass psychology in guided method then you can apply the Elliott wave theory
in properly manner to get the Maximum results in trading stocks or Futures
This scrip has Completed its Wave 3 on primary cycle and its about to complete its Wave 4 , currently its ending its move in wave (B) as ending diagonal where
((a)) and ((b)) are very sharp and small in structure and wave ((c)) have developed 5 wave making an ending diagonal after completing today move
One can wait for this week end for trend termination and look for short sell set up
Good luck