06 May 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
Nifty has been hovering just below the top end of the channel line for a prolonged period now. Unlike the previous two occasions when prices gave up from there. Time wise each of the pauses have increased in time. By pause I mean wave B down to the lower channel in between was 1 then 2 and then 3 months long. Each of the subsequent rallies were 2 months long and now done. So the series is 112, 122, 132. Time analysis and similarities have the highest failure
rate in my opinion still the observations are often fascinating to the inquisitive mind. READ MORE
