Nifty has been moving amazingly well as per Neo wave
(Advanced Elliott wave pattern).
Look at the below chart of Diametric pattern which is a 7
legged correction. The below was shown
in the morning daily research report – TheFinancial Waves short term update
Nifty hourly chart (anticipated
on 16th March 2020)
Nifty hourly chart: (anticipated in morning on 17th March 2020)
Happened: (End of
day on 17th March 2020)
Following was mentioned in the morning
equity research report before markets opened
“In the previous session wave (f) seems
to have completed near 10160 levels precisely as expected and now the move on
downside has resumed in the form of wave (g). Equality target of wave (g) to
(a) comes near 8900 levels. But refrain from creating any long positions and
use these levels to only ride the downtrend. Existing short positions can now
trail stop towards 9610 which is just above yesterday’s high. It seems far away
but given the volatility one needs to maintain big stops to keep riding the
trend. In a nutshell, Nifty continued to tank another day and lost 7.6% in the
day. Price can continue to move towards 8900 levels or lower as long as 9600
holds on the upside.” BANG ON!
Happened: Nifty moved precisely as expected and moved sharply lower. The
intraday low made is at 8915 levels which was the target area as per the above
shown chart.
This is the power of Advanced Elliott
wave. It is simply thrilling to see how precisely the entire trend is spanning
out when majority is just focusing on news to derive their trades rather than
charts when it is working with utmost precision as per the path shown in first
chart.
“The Financial Waves short term update” is published daily showing the way
Nifty should move and if you have been following us this down move provided the
best opportunity in over a decade. It is not over yet. Get access now
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technical analysis in the upcoming Online
module of Master of Technical analysis (MOTA)
and Master of Elliott Waves, Neo wave
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