Nifty hourly Elliott wave analysis
The move from 17348 is corrective. There is no way an elliottician calls it an impulse move going on.
So, the move should be correct 100% to justify it as a corrective move.
There are a few corrective moves that don't retrace fully, eg. the legs of a triangle. But this move seems like it should correct 100% soon.
A good elliottician is not the one who always has counts, but the one who give counts when there is most and more probability and possibility.
So, the move should be correct 100% to justify it as a corrective move.
There are a few corrective moves that don't retrace fully, eg. the legs of a triangle. But this move seems like it should correct 100% soon.
A good elliottician is not the one who always has counts, but the one who give counts when there is most and more probability and possibility.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.