Friday, March 23, 2012

NIFTY ELLIOTT WAVE UPDATE

15mins charts

IN BELOW CHART WAVE 2 IS LIKELY OVER OR IN ALT - BLACK COUNT AND BLUE COUNT IS IN ALTERNATIVE VIEW OF LAST WAVE C ?.CONFIRMATION ABOVE 5330 FOR BULL VIEW.INTERNAL BLUE LINE WHICH IS SUB COUNT TO REAL RED COUNT. [CLICK ON CHART TO ENLARGE IT].


60 mins chart with +ve divergence
+VE DIVERGENCE ADDING CONFIDENCE TO BULL VIEW. STILL CONFIRMATION NEEDED AND INVALIDATION IS IMP PART WHICH TELLS FIRST STORY FOR CLEAR VIEW.
RED DOT IS FOR HIGHER HIGH AND LOWER LOW DIVERGENCE PART.[CLICK ON CHART TO ENLARGE IT].


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