Nifty looks to have completed W.d of the Triangle which means one more leg down for W.e and then Impulse to the upside which should take it higher then the 11080 level.
We wait either for W.e completion to go long or a break above the Trigger Line.
SL remains below W.c low 10935.
We wait either for W.e completion to go long or a break above the Trigger Line.
SL remains below W.c low 10935.
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Nifty updated count on Hourly chart : Bullish on close above 11123 :
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Long Triggered.
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Exited longs in profits at once, will look to re enter later :
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Wave .iii looks complete, expecting move till T1 and T2 levels for Wave .iv :
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Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
