Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Visible Elliot Wave Count from Nifty Daily charts

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Daily wave shows we are in the progress of making 2-4-3 downwave. Possibly this wave could end near 2362 which is 161.8% of downward retracement between the 3147-2662(i.e 161.8% of retracement from the 2-4-1 wave).

Just for Readings
For those Who intrested in reading Elliot wave patterns.

Elliot Wave where are we in the wave Structure

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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0 Replies to “Visible Elliot Wave Count from Nifty Daily charts”

  1. Dear Rajandran,what you have labelled as 2-1, 2-2 ….. should be 3-1, 3-2 and so on these are 3 ka 1 , 3 ka 2 like wise and will end as the 3rd wave.

  2. Yes Nimesh you are right it should be 3-1,3-2,3-3,3-4,3-5 and 3-5 marks the end of 3rd wave…Thanks for your feedback

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