⚡️📉🔥 Nifty Elliott Wave Alert 🚨💥
After touching a high of 24,600 (22 Apr), Nifty started its decline:
1️⃣ 📉 Wave 1 (24 Apr): Dropped to 23,800
– Subwave 5 🌀 was the largest, hinting at rebound potential.
2️⃣ 🔄 Wave 2: Zig‑zag correction, retraced back to 24,300 ✅
3️⃣ ⚡️🚨 Wave 3: Now unfolding, with downside targets near 23,000 🎯
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👉 Structure is clear:
🐻 Bears are gaining control.
📉 Expect continued weakness as Wave 3 progresses.
💡 Trading Insight: Look for confirmation, then go short — risk‑reward favors the downside.
After touching a high of 24,600 (22 Apr), Nifty started its decline:
1️⃣ 📉 Wave 1 (24 Apr): Dropped to 23,800
– Subwave 5 🌀 was the largest, hinting at rebound potential.
2️⃣ 🔄 Wave 2: Zig‑zag correction, retraced back to 24,300 ✅
3️⃣ ⚡️🚨 Wave 3: Now unfolding, with downside targets near 23,000 🎯
---
👉 Structure is clear:
🐻 Bears are gaining control.
📉 Expect continued weakness as Wave 3 progresses.
💡 Trading Insight: Look for confirmation, then go short — risk‑reward favors the downside.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.