Messy Elliot Structure

7 нояб. 2016 г.

This Downward channel has many alternatives & Can Even turn into bearish impulse,Untill 8550 Spot is Taken out.
Lets Assume its WXY finished at 8400, Whether it il turn into 1 more complex Wave Z needs to be watched.
Red Alternate is another Wave count which is possible,But to avoid unwanted mess,Not into it much.

8 нояб. 2016 г.

Заметка

Expecting it to touch 8605 Spot Without breaking below 8435.

8 нояб. 2016 г.

Заметка

From 8500 To 8560 , Could be towards target tmrw. Any SL Should be modified to below todays Low @ 8480.
Psychological barrier which bears were carrying @ 8550 is broken, Probably due to short covering as tmrw is event day.
Nifty il Now Face resistance at Upper falling trendline (Trendline where B,X,A is marked).