Wave B failure
Previous Elliott Wave analysis on Nifty that suggested Wave B which was expected to go to 8680 levels to complete 62% retracement failed, which is worrisome and now the downside that has started is so steep, that we cant deny to break the recent lows of 7997, all of this is against the characteristics of 4th waves which are sideways corrections.
To read full post click here- http://ruchirgupta.co.in/nifty-elliott-wave-and-fibonacci-analysis-update-4th-june-15/
Previous Elliott Wave analysis on Nifty that suggested Wave B which was expected to go to 8680 levels to complete 62% retracement failed, which is worrisome and now the downside that has started is so steep, that we cant deny to break the recent lows of 7997, all of this is against the characteristics of 4th waves which are sideways corrections.
To read full post click here- http://ruchirgupta.co.in/nifty-elliott-wave-and-fibonacci-analysis-update-4th-june-15/
1 comments:
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