After over 2+ years of research, I have developed Falcon Waves, an easy alternative to Elliott Waves, perhaps simple wave count method for general public.
The main Falcon Waves concept is a ABCDE format A goes to the starting point B is a pull back for final rally up C is the top wave D is the bottom wave E is the consolidation
NIFTY MONTHLY CHART - FALCON WAVE
Falcon Waves runs in ABCDE pattern. We are in wave D which has 5 waves down in #Nifty monthly chart. Looks like 3 is finished and we are in 4th wave upside. This should finish in this rally and then last wave down will end this correction followed by E wave that is consolidation
Looks like 3 is finished and we are in 4th wave upside. This should finish in this rally and then last wave down will end this correction followed by E wave that is consolidation. Falcon Waves starts with A and ends with a consolidation phase marked in E wave.
#Nifty #Nifty50 is in wave D, and it is in 4th wave of D. This should end soon around 16200-16500 levels. Followed by 5th wave down.
Here are different charts based on different time frames for your reference. You can practice it and ask questions and I will be happy to answer them.
NIFTY WEEKLY CHART - FALCON WAVE
NIFTY DAILY CHART - FALCON WAVE
Want hourly chart Falcon Wave? Follow me on Trading View and get daily Nifty Falcon Wave counts on 1H chart.
Nota
While doing so, here is a bear snapshot... the swords are out but it will allow you to touch 15800 perhaps.
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