Nifty Elliott wave analysis on daily chart for 4jan 2021 onward

2021년 1월 2일

In this daily chart it seems wave (1), (2), (3) and (4) is completed and wave (5) is in progress from 10790. 38% and 61% projection of wave (5) is already achieved so its in extended zone.
Maximum level 100% is coming at 15096 which is rare case.

From 10790 wave (i), (ii), (iii) and (iv) is completed and projection of wave (v) is coming at 14272-14977 range and from there we can see bigger decline if we are right at identifying pattern.