24 June 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 weekly momentum. When reading momentum indicators I use them along with a 9 day ema or exponential moving average. What ever average you use the signals occur when the indicator closes below the average or above the average from the other side. This chart shows 3 consecutive sell signals. The most recent one shows a negative divergence as well. This happens when prices make a higher high but the
momentum makes a lower high, this is usually signature of a loss of momentum or speed.... READ MORE
