Continuing from the monthly forecasts in the website, an elliott wave analyst can observe the same as we do, the nifty peaked at an all time high of 9119.2 on mar 2015, the downfall is around a year and when will it end...? obviously an traditional trader doesn't have answer for this question but the perspective that elliott offfers is significant & different and we can observe that wave 3 had peaked at the areas of 9119 and from thereon wave 4 decline has began and within the three wave general structure we can identify a complex triple three w,x,y & z in it and the final wave among them is being unfolded and it had an expansion within itself to be another triple three and within one lesser degree expansion we can find even other degree of expansion in (y) wave and it have been finished recently and the interim rally that we are facing now is for the (x) wave seperating (y) & (z) and the projections for the (x) wave is very subtle yet it has many layers of resistances..., To find out the exact turning point of (x) wave read our analysis below this degree (IN DAILY CHARTS for free from here), click here to read it now.. mytradingcourses.com/
The ultimate downfall target is 61.8% of previous wave 3 rally and this explains why there are this many stages of expansions within the currently unfolding 4th wave.( The target & volatility determines the rate of Expansion ).
Hello Sir, great to see your elliot wave analysis...I have confusion here, if we are in main wave 4 we are already corrected 50% at 6825, does it conclude that we are bottomed out???
after 6869, 6825 achieved, in your chart you have predicted x wave upto 7554, any changes in that as after 6869, 6825 came....any changes in your wave counts as per current scenario?
DineshKrishna
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sorry for the Update concerns as we are busy in developing our online trading educational platform and no issue the updated analysis will be posted shortly (may / may not be as a video) stay tuned for that visit & bookmark mytradingcourses.com
DineshKrishna
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Yup, it had caught my eye and re-analysis has not been completed yet..!however i cannot say for sure about the time for publishing the same..keep yourself updated with us...
Niks99
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Hello Sir...any updates???????
DineshKrishna
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check this post https://here....https://www.tradingview.com/chart/NIFTY/6YlgR2yY-Nifty-Sum-of-all-factors-An-Elliott-Perspective/
Care4PetsExotic_Birds
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any updates sir???? according to your chart 7554 is still saved....according to your ew analysis 7554 should not break, but if it breaks what changes to be made in your counts sir? I await your reply...Thanks in advance
DineshKrishna
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there is no mentioning about breaking of 7554 levels in the video (which was just an approximate area marked in the charts near a swing high, the violation of the same doesn't demand alternate counts), the overall labeling is about to be re-iterated again with complete analysis.visit the website for future updates
DineshKrishna
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check this post https://here....https://www.tradingview.com/chart/NIFTY/6YlgR2yY-Nifty-Sum-of-all-factors-An-Elliott-Perspective/
after 6869, 6825 achieved, in your chart you have predicted x wave upto 7554, any changes in that as after 6869, 6825 came....any changes in your wave counts as per current scenario?