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Niftydirection

Expanded Flat or Irregular Correction Identification

Formazione
Nifty Bank Index (NSE:BANKNIFTY)  
Niftydirection  
NSE:BANKNIFTY   Nifty Bank Index
Elliott Wave Fibonacci expandedflat irregularcorrection elliottwaveprojection elliotwaveanalysis Fibonacci Retracement Fibonacci Extension
8
3
elliottwaves fibonacci expandedflat irregularcorrection elliottwaveprojection elliotwaveanalysis fibonacciretracement fibonacciextension
Most common found pattern. Its temporary pause to extended rally.

Key to identify this pattern is rejection after breaking wave A start.

Always look for very smaller margin rise above start of wave A.
C wave is sharp fall to reach 0.382 Fibonacci retracement of rally.

All other details explained in chart. Comment your doubts.

Idee correlate

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Nifty wave 5 Impulse count towards 17860
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Banknifty Wave 3 towards 37200
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