Wave Strategy Home Forums Trader’s Forum Could Nifty be forming a Neutral Triangle with a Target near 10000 ?

This topic contains 2 replies, has 1 voice, and was last updated by  Rajesh 2 days ago.

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  • #211040 Reply

    Rajesh M

    Hi Ashish,

    I have been following your work and have found it to be good.

    Am aware you are counting this entire bounce form 7500 odd as a diametric however in your opinion could there be a possibility that it may turn out to be a Neutral triangle with the current move marked as save d and wave e may be pending till 10000 to 10200 range where wave e will equate wave a and only then the next leg of decline till the swing low of 7500 and below starts. How likely, if at all ? is that scenario in your opinion ?

    Ps: I don’t have a profound understanding of Neo wave but am very well versed with traditional Elliott wave. Just trying to learn each day .

    Thank you.

    #211545 Reply
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    Ashish Kyal, CMT

    Yes, Very well observation. This is possible.

    #211802 Reply

    Rajesh

    Thank you.

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