Tuesday, February 21, 2012

NIFTY ELLIOTT WAVE



IN ABOVE 5 MIN NIFTY CHART CLEARLY 5 WAVE ENDED.WITH WAVE 3 MINUTE FOLDING.OUR INVALIDATION TO COUNT ABOVE 5621(IF EXTENSION THAN ONLY). BELOW 5588 CONFIRMATION TO WAVE 4 MINUTE IN PROGRESSION. WAVE 4 MINUTE ONLY CAN COMPLEX BECZ WAVE 2 IS SHARPE.WAVE 4 CAN BE COMBINATION,FLAT,TRIANGLE.




IN ABOVE CHART NIFTY ENDED WAVE 3 MINUTE CLEARLY WITH COUNT OF 1 - 2 - 3 . 4 AND 5 TO GO. WAVE 4 CAN BE FALL UPTO .382 OR .238 OF FIBONACCI RETRACEMENT FROM WAVE 2 BOTTAM TO WAVE 3 TOP POSSIBLE TRG - 5227 AROUND IF .382 OR 5376 AROUND IF .238.

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