Short term Elliott wave count suggests that pullback to 6640 at 9/15 ended wave (X). The rally from there is unfolding as a zigzag where wave (a) ended at 6899.5, wave (b) ended at 6728.5, and wave (c) is in progress as 5 waves. Wave iii of (c) is proposed complete at 6958.5 and a pullback in wave iv of (c) is now expected to correct cycle from 8/30 (6771.2) low in 3, 7, or 11 swing before the Index turns higher again towards 6973 – 7030 area to complete wave (c) and also end cycle from 9/15 (6640) low. Afterwards, expect a bigger pullback in wave ((x)) to correct cycle from 9/15 (6640) low before Index turns higher again.
At EWF we offer 24 hour coverage of 50 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer