View on Nifty using Elliott wave for June 1st week

This is continuation of my previous analysis. Here detailed current fall and next possible movements.

Disclaimer: Making any trade decision based on this analysis is on your own risk.

Kommentar:

Wave 4.C is about to complete.

Kommentar:

Wave 4.C should complete above yesterday high. It will just finish above yesterday high and can't go far away from there.

Kommentar:

In wave 4.C, wave y was completed on 30th May and then formed a triangle till today low as wave x. Now final wave z is in progress and should complete above 30th high as a zigzag correction. And then bear trend will be continuing.