I have described the complete market cycle of elliott on the weekly chart of nifty as well as two model structural development which are Motive and corrective. Now that I've reviewed all types of waves, I can summarize their labels as showed in the nifty chart.
If you have any query regarding to my chart or mistake in it, let me know throughout the comment. thank you.
Hi, can we assume now end of 4th wave & start of 5th.
balajim1016
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Shouldnt the end of c wave be a diagonal? Also from my understanding, wave 1 of the new impulse should be slower than what we witnessed.. right? Or this could be a 3-5-3 flat correction.. correct me if am wrong..