14 January 2018
The weekly Elliott Wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt of our observations from recent publications.
MEDIUM TERM
NIFTY ELLIOTT WAVE UPDATE
After last weeks engulfing bear candle in Nifty this week we developed a inside bar. A bar pattern where the current weeks high and low are inside the previous weeks high and low. It shows indecisive markets but also an exhaustion of the previous trend as momentum is lost. A confirmation of trend reversal is needed by breaking out of the range into a higher top higher bottom or lower top lower bottom formation. Nifty broke the rising trendline from the 2016
low and has spent weeks trading below it. The 2013 rising trendline is at 9500. READ MORE
