Nifty in Waves - 2nd July 2020 - Continued

NSE:NIFTY   Nifty 50 Index

In continuation to earlier analysis, Now the picture is getting clear.
Can see the 5 Wave structure as mentioned in the chart.
So currently, the last 5th wave is going on & the most it can go is upto 650/680 points for simple reason, the 3rd wave will not be the smallest of the 3 waves.
So we can assumes from the lows of 10300 approx we can have a maximum top around 10950/10980.
But there is a gap in between 10751 & 10827, so my assumption is this wave might get completed near these levels.
SL for this upside is at 10300, 30 Mins CLBS .


But 3 wave should be the longest wave, isn't it?
@reedham, check again ..3rd wave cannot be the shortest of the 3 ...there are many structures...1st wave extension, 3rd wave extension (common) & 5th wave extensions.....
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out