EW on NIFTY- Fall 1700 points or more? Where?
How do you determine the end of the Throw-over(under)?
The price is upper trendline & recent volume is declining which is an indication that the End of The wave will meet.
But this chart has not volume data cause of spot nifty. You can check out volume changing into future nifty.
Let's try to look closely sub-wave of Primary Rounded donated 1 W.
The parallel channel is connected 1 & 3 upper bands and for lower band connection by 2 & 4 but, 5th traveled the price upper trendline which 5th Wave throw-over.
Now for the Primary Rounded Cycle, the price is traveling the upper trendline. In this scenario, we can see the price has surged after the 4th of throw-under.
End of this Throw-Over, we clearly assume that the correction will be huge or after little price rotation. This correction can be 1700-2500 points or more than it!
The price is upper trendline & recent volume is declining which is an indication that the End of The wave will meet.
But this chart has not volume data cause of spot nifty. You can check out volume changing into future nifty.
Let's try to look closely sub-wave of Primary Rounded donated 1 W.
The parallel channel is connected 1 & 3 upper bands and for lower band connection by 2 & 4 but, 5th traveled the price upper trendline which 5th Wave throw-over.
Now for the Primary Rounded Cycle, the price is traveling the upper trendline. In this scenario, we can see the price has surged after the 4th of throw-under.
End of this Throw-Over, we clearly assume that the correction will be huge or after little price rotation. This correction can be 1700-2500 points or more than it!
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