>Classic intra nifty trade using Elliott wave theory
Hi Readers,
I am here sharing a small example how elliott wave allows us to trade or rather how we reach to a trade:)
Go through the following chart.
In the above chart a 5 down can be seen labeled with white counts 3rd wave sub waves are counted with red.
Once 5 down had finished 3 up(ABC) was expected,Which indeed
happened can be seen from chart.
Here another striking similarity can be checked which is shown by yellow arrows ,That’s actually showing c is almost equal to a
which gives hint about wave ending.
So once 3 up(abc) was done another 5 down was expected .
That’s where a nice short trade was initiated,Ofcouse a great
risk reward.
Learn more about elliott waves Trading elliott waves
Regards
Rish
would you just to me to know the langauge of elliott waves .
trading intra using elliots ,lol , how, can u explain ?
Hi,
Good analysis on Elliot wave. It will be good if you publish it display.
Thanks,
Ravi
Yes Kumar Intra day “yes” What you want me to explain chart is self explanatory ,Do let me know if you not able to understand.