Wave Strategy Home Forums Trader’s Forum Nifty Chart – Diametric pattern

This topic contains 3 replies, has 2 voices, and was last updated by  Shailendra Mahida 5 days, 10 hours ago.

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  • #163049 Reply

    Shailendra Mahida
    Participant

    Sir i recently enrolled for your Elliot Wave course and basis what I could learn, I feel that Nifty is forming a diametric matter (bow-tie) and we are close to a top post which we should see a sharp move downwards. Can you please check and let me know if you would agree.

    Link for my chart –¬†https://www.tradingview.com/x/HhKwuDY4/

    #163279 Reply

    Shailendra Mahida

    Chart below for quick reference

    Nifty Chart

    #163418 Reply
    Profile photo ofashishkyal
    Ashish Kyal, CMT

    Your Diametric counts look valid but prior to wave x which pattern you considering?

    #163475 Reply

    Shailendra Mahida

    I am considering an irregular/expanded flat before wave X. I also wanted to ask if it is possible to have a third correction after double correction ending with a diametric pattern ? If not then does it mean there would be an impulse move ?

     

     

     

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