ELLIOT FORECAST DOW (FUTURE) IN RELATION TO NIFTY
Analysis based on technical parameters(NO NOISE)
Long time....
The reason for selecting DOW under elliot forecast becoz its corelation with Nifty...although future market not recommended but still...on the opening of indian market that is the only index comes into mind...what i perceive as of now dow have not broken its high post covid level however, nifty have broken a crucial level and i don't understand "kya khaya hai" its invariably moving in a straight line on HTF...Notwithstanding if i corelate DOW with nifty and simultaneously analyse it seems...w-x-y pattern is over and 5-3-5 pattern is in prog....Nifty is in prog of a irregular Flat pattern which i think it will likely culminate towards 12226.Detail post market analysis of Nifty will be posting from tomorrow onwards...
Assimilation only for educational purpose
Long time....
The reason for selecting DOW under elliot forecast becoz its corelation with Nifty...although future market not recommended but still...on the opening of indian market that is the only index comes into mind...what i perceive as of now dow have not broken its high post covid level however, nifty have broken a crucial level and i don't understand "kya khaya hai" its invariably moving in a straight line on HTF...Notwithstanding if i corelate DOW with nifty and simultaneously analyse it seems...w-x-y pattern is over and 5-3-5 pattern is in prog....Nifty is in prog of a irregular Flat pattern which i think it will likely culminate towards 12226.Detail post market analysis of Nifty will be posting from tomorrow onwards...
Assimilation only for educational purpose