I have made an attempt to give you an Executive professional out look , Most people who learn on their won tend to mix up
with other theories and end up losing the Primary method they should depend on , Now a days people with few months of experience try to give their
representation on Market , in that few are Exceptional talented but Majority of them have Many doubts because of complex nature of Methods in wave theory
i have tried to put up simple and easy way , Hope you will understand it , if you have doubts then let me know what it is in comment section
Thank you for your valuable contribution to the TradingView community and keep up the good work!
rovespur
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using wv5 of wv(1) for retracement, is that professional? radhey radhey
Smhaditya
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This is robust from a robust Wave Analyst!
ramdeosharma
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it is hard to see chart and read in mobile,
ckirtane
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today nifty broke low of 17255,has down turn started to 16400 level or there is any hope for nifty to regain 17800? has wave 3 started today?
karthikrijo
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@ckirtane, According to wave theory. Nifty is going for 16400, might see some recovery until 17600 but not 17800. Banking stocks will lead the fall and might see levels of 35500 in last week of April to first week of May. Banknifty 200 EMA is at 40050 levels which might be retested before fall. levels based on Bullish shark on weekly chart from 17th June 2022.
is it 12345 or it should be as abcde. primary wave 4 is entering in wave 1
ShreeKrishna
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@vinay_del, Yes it should be 1,2,3,4,5 and to answer your Question Yes it will enter in Wave 1 because its unfolding in slow manner , which suggest it can enter in the area of W4
Smhaditya
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@ShreeKrishna, Sir, what about wave 3? Can it be shortest in this kind of structure?
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Thank you for your valuable contribution to the TradingView community and keep up the good work!