Nifty Elliot Correction wave Down Trend Confirmation pattern
As per my study ,
i assume its a confirmation of down trend with high low- lower high & lower low - down trend formation pattern. With Elliot collection wave ABC pattern which seems to be formed on chart
(may be wrong may be right)
as per fib level it may touch 0.5 fib levels with a support near DSMA 200 as well near support zone 16350-16300
overall sentiment - Negative
Note: Only for educational purpose .
based on past chart patterns & Experience we assume this may happen as price also repeats its history/pattern
Price is supreme may move in any direction.
i assume its a confirmation of down trend with high low- lower high & lower low - down trend formation pattern. With Elliot collection wave ABC pattern which seems to be formed on chart
(may be wrong may be right)
as per fib level it may touch 0.5 fib levels with a support near DSMA 200 as well near support zone 16350-16300
overall sentiment - Negative
Note: Only for educational purpose .
based on past chart patterns & Experience we assume this may happen as price also repeats its history/pattern
Price is supreme may move in any direction.
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Elliot wave WXYXZ
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pattern completed