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Nifty 50 Index

Bearish Count

By wsbza
Updated
Could be an a-b-c flat before another sell off
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bullish pattern snapshot
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the rally so far seems impulsive snapshot
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alt count (b) = (v), (c)=(a)
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wave iii of (iii) of {iii} snapshot
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today's sharp decline suggests we may need to look at the chart in a different way
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break below 10557.7 would probably activate the alt count
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break below wave {b} low of 10440.55 would confirm wave {c} is done (or at least wave {a} is completed if {a}-{b}-{c}={a})
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double zigzag rally?
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either blue {a}-{b}-{c} or green {w}-{x}-{y}
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likely to test the 0.618 level
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Elliott WaveFLATTrend AnalysisWave Analysis
wsbza
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


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