NIFTY Moving inside a triangle abcde pattern right now.
Currently wave d is underway.
Triangles occure in wave 4 so after end of abcde pattern (and wave 4), wave 5 should take the index further up.
Note
Wave d of possible abcde pattern completed.Trade closed: stop reached
As the price moved above top of wave b, this view stands invalid.
Decode the Essence (Tattva) behind price — Structure (Elliott Wave), Energy (RSI) & Proportion (Fibonacci)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Decode the Essence (Tattva) behind price — Structure (Elliott Wave), Energy (RSI) & Proportion (Fibonacci)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.