svadukia
Short

Nifty Elliot wave count

NSE:NIFTY   Nifty 50
306 2 3
Dear Friend,
Your count doesnt meet the basic rules.Wave three is shotest is the main point i see.please make a review.
Read the following to get my point.There are many guidelines, but only three HARD rules. These are unbreakable.
Guidelines, on the other hand, are bendable and subject to interpretation. Furthermore, these rules only apply
to a 5-wave impulse sequence. Correction, which are much more complicated, are given more leeway when it comes to interpretation.

Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.

Rule 2: Wave 3 can never be the shortest of the three impulse waves.

Rule 3: Wave 4 can never overlap Wave 1.
Reply
I think wave (3) is the shortest of all and so is not a correct wave count.
Reply
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