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.

Simple 5-3-5 Elliot Wave Patterns in Nifty Futures 15 minute charts

24 sec read


 

With respect to 

Simple 5-3 Elliot Wave Pattern in Nifty Future Hourly Charts we had seen that nifty is currently in making the corrective a,b,c wave with targets 4429 and 4494. I like to further zoom into 15 minute charts of Nifty futures to show how the waves are made. the upward corrective [a,b,c ] can be viewed as 5-3-5 simple elliot wave patterns as shown above with formation of negative divergence pattern. And the pattern if likely to complete today with resistance near 4450-4500 zone as explained in earlier post which also completes the invesrse head and shoulder pattern witnessed in hourly charts.
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.

Nifty and BankNifty 90 min charts update for 16th…

Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
Rajandran R
10 sec read

Nifty and BankNifty 90 min charts update for 15th…

Nifty turns to buy mode with cloud supports coming near to 5460-5470 zone. And Bank Nifty still in sell mode with resistance near 10900....
Rajandran R
8 sec read

Nifty Week End Review

Nifty week end review on daily and 90 min timeframe and Nifty Option Details
Rajandran R
32 sec read

0 Replies to “Simple 5-3-5 Elliot Wave Patterns in Nifty Futures 15…”

  1. @ EveryoneLooks ABC wave(hourly).. i.e 5-3-5(15 min) have completed(5-3-5) yesterday itself with 4439 as top. Small correction in charts that 5-3-5 ended yesterday itself with negative divergence.

  2. thnx,raj,fr the advice.do u track educomp.wonder whts the matter wid this counter. rashmi

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More