my ew chart...

my elliott wave analysis chart.

the expected downmove did take place as shown with given tgts.

iam yet to mark C-3-(4) and C-3-(5) completion.

now it is quite possible that nifty may hold todays low i.e., 3100 and trade within 3100 and 3650 till mid of next week, which will be an indication of complex corrective C-3-(4) going on.

on the other hand break of 3198 on closing basis with further downmoves will give indication of C-3-(5).

after C-3-(5) completes, a good tradeable bounce will occur i.e., C-4 which may go upto 3500-3600 etc followed by C-5 that will test the lows formed or even go to lower lvls(tgts yet to be calculated), are pending. all this will still take number of days and weeks.

this will complete the big A structure.