Short term Elliott Wave cycle suggests bounce to 5117.3 ended wave X. Decline from this level is unfolding in a triple three where wave ((w)) ended at 4847 and wave ((x)) bounce ended at 4928. Wave ((y)) is in progress towards 4592 – 4656 area, then it should bounce in second wave ((x)) before lower again. We don’t like buying the proposed bounce and expect the Index to fall further as far as 4929 pivot stays intact.
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!
Back
