The Truth About The Markets
28 Jan 2019
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
What does a series of engulfing bear candle patterns mean? Maybe nothing, but since all of them are occurring in the same price territory it does show selling pressure at higher levels consistently. Now if this was a consolidation pattern volumes would drop and prices would eventually breakout on the upside, but if it is a counter trend move watch out if volumes rise on the way down and fall on the way up. Weekly candle chart READ MORE
