Nifty 55 Days Time Cycle with Neo wave

Advanced Elliott wave – Neo wave along with Time cycle provides is classic combination for forecasting market right from short term to long term basis.

Nifty is following 55 Days time cycle where we can observe major lows being formed within the zone of blue and red lines with central black as an important cycle period.

Nifty Daily chart:Elliott wave analysis - We have constantly mentioned that prices have been climbing when it reversed on the upside from 22000 levels. When prices were consolidating in a zone near 24500, we had mentioned about upside move to 25500 levels. All the events got digested, and prices moved higher.

Over near term, we are seeing consolidation near the center Time cycle of 55 Days which is due on 4^th July 2025. Do note that as it is daily time cycle there is possibility of some delay of 3 to 4 days. A positive close back above 25600 will provide strong price time confirmation that medium term trend on upside is resuming.

Neo wave perspective is suggesting that prices are in wave e. We are not ruling out that wave f has started and move below 25300 will confirm this. Either way post completion of the ongoing down move upside trend should resume possibly in form of wave g taking prices to 25800 and higher levels. Diametric is a 7 legged pattern which has wave e = wave c, wave f = wave b and wave g = wave a.

In a nutshell, Elliott wave is GPS of the market and it provides levels, exact trade strategy, complete plan for upcoming trend not only on daily time frame but even for intraday setups.

Sutra of Waves (SOW) – Elliott wave has a few rules making it subjective at times but Neo wave has more rules and newer patterns like Diametric, Extracting triangle, that makes trading a lot more objective. Combine this with Ichimoku Cloud and Fibonacci trading system and see the magic of systematic trading using this scientific approach of trading. Limited seats only, Live session on 12^th – 13^th July. You can enroll from here