NIFTY ELLIOTT WAVE

How Elliott Wave Help To Predicte Market in Advance.

Upper trend line help us to forecast gain is over for limited time.What to see Next ?


                                 


                    Elliott Wave Road Map With Invalidation point 7690. Wait and Watch...

     See The Clear Pattern And It's Diagonal As per Elliott wave Theory.(5-3-5-3-5). Now What ??

 Draw The Elliott Wave Pattern In Larger Degree.and see Pattern which Forecasted has All Validate view (Rules & Guidelines as per Elliott Wave Theory).

This is What I have Seen. Now What Again To See ???

As per Elliott Wave Theory Wave 2 Normally Retrace 61.8% of Wave 1. (Re lable wave Count)

Now I can See Wave 2 is Near End Now What to Seee...e..e...

As We have Predicted The Wave degree Early And Work With Same View.

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Nifty Elliott Wave

Elliott Wave personality and characteristics

Wave 2: Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern.

Wave2

Wave 1 personality and characteristics

Wave 1: Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.