tradersmantra

Nifty hourly Elliott wave analysis

Short
NSE:NIFTY   Nifty 50 Index
The move from 17348 is corrective. There is no way an elliottician calls it an impulse move going on.

So, the move should be correct 100% to justify it as a corrective move.

There are a few corrective moves that don't retrace fully, eg. the legs of a triangle. But this move seems like it should correct 100% soon.

A good elliottician is not the one who always has counts, but the one who give counts when there is most and more probability and possibility.

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