Bank Nifty Elliot wave analysis
Hello Traders ,
As we know there was a correct ion going on in market form 22 Oct and still it is forming and making new low at very next time .
We can see a zigzag pattern is in making which is subdivided into 5,3,5 as ABC wave pattern .
Now BNF is making 4rth sub wave of wave 5th and it's making a triangle pattern where wave E is in making process . Once wave E will complete we will be vitness of long down move .
As we know there was a correct ion going on in market form 22 Oct and still it is forming and making new low at very next time .
We can see a zigzag pattern is in making which is subdivided into 5,3,5 as ABC wave pattern .
Now BNF is making 4rth sub wave of wave 5th and it's making a triangle pattern where wave E is in making process . Once wave E will complete we will be vitness of long down move .
Elliott BABA
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