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ElliottWaveInsights

4rth wave will come, after a slow sell off will come

Long
Nifty Bank Index (NSE:BANKNIFTY)  
ElliottWaveInsights Aggiornato   
NSE:BANKNIFTY   Nifty Bank Index
Wave Analysis
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waveanalysis
from 26 oct 2023 to 28 dec 2023 a Fibonacci retracement is placed, market is a about to take a pull back to complete its 4rth wave, it will face rejection near 3rd and 4rth sub wave and sell off will continue. according to me without completing its 5th wave market will not change its view (bearish). hence wait for another sell off then we can create some long side position.
Commento:
near its selling zone, lets see a sell comes or not
Commento:
nice sell off
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