Screw the Count

[Screw the Count @tradeplunger]

And that 5th wave on the Nifty may now be well and truly over.

https://t.co/cCKRwityi5

[Screw the Count @tradeplunger]

That ending minor wave C diagonal has elongated way beyond what I thought.

A fifth wave pending...

[Screw the Count @tradeplunger]

An expanding diagonal may well be forming as wave 1 of intermediate wave C down of which 4 waves may well be complete and we may be in the verge of breaking down of the 5th wave. Trendlines indicate the potential count(not labelled). 5th could target 20000.
#Nifty

[Screw the Count @tradeplunger]

And that 5th wave on the Nifty may now be well and truly over.

https://t.co/cCKRwityi5

[Screw the Count @tradeplunger]

@indiacharts Difficult to ignore the bullish case for US yields if the same triangle is a B/4th wave at some degree...

#Nocountsrequired

[Screw the Count @tradeplunger]

CNX IT index has given a Wedge breakdown on the weekly charts.

[Screw the Count @tradeplunger]

Dollar index: forming an expanding triangle since 1988 with wave E up in progress.
Wave E itself a zigzag forming since 2015, has an expanding triangle as it's wave B. Once wave B terminates (and it could be soon), wave C would commence with a potential target of 130+

[Screw the Count @tradeplunger]

All charts updated as on 9th Jan 2026

[Screw the Count @tradeplunger]

And that 5th wave on the Nifty may now be well and truly over.

https://t.co/cCKRwityi5

[Screw the Count @tradeplunger]

That ending minor wave C diagonal has elongated way beyond what I thought.

A fifth wave pending...

[Screw the Count @tradeplunger]

Finally a bigger look at cycle wave IV forming from the 2008 top which in all probability is forming a running triangle and hence the current fall forming intermediate wave C of primary wave ((C)) will breach the 6357 zone i.e. the 2008 highs.

[Screw the Count @tradeplunger]

The state of the US markets...

[Screw the Count @tradeplunger]

That ending minor wave C diagonal has elongated way beyond what I thought.

A fifth wave pending...

[Screw the Count @tradeplunger]

https://t.co/QL1LqvhDpy

Some more clarity... Minor wave C ending diagonal.

[Screw the Count @tradeplunger]

@PeterLBrandt Hey @PeterLBrandt

See anything you like?
https://t.co/HvGOeuaMKg

[Screw the Count @tradeplunger]

Dollar Index

[Screw the Count @tradeplunger]

Dollar Index

[Screw the Count @tradeplunger]

The structure since shows an expanded flat complete from 2000-2009 [labelled wave (A)] followed by a 3 wave move comprising an impulse+triangle+expanding diagonal. The 3 wave move from 2009 maybe wave W/A of a bigger (B) wave. If correct, wave X/B [down] of (B)[up] is in progress

[Screw the Count @tradeplunger]

A look at the US markets positioning. S&P500 seems to have completed wave 4 of an expanding diagonal that began at the Jan 22 highs and is about to resume wave 5 down, the most ruthless part of an expanding diagonal.

[Screw the Count @tradeplunger]

Weekly showing Intermediate wave (B) from Feb 2016 lows [almost complete], monthly showing cycle wave IV [running triangle] progress.
Also shown on the monthly chart are the various Fibonacci retrace levels of the 2008 fall. Tops have been very close to these levels
#Elliottwave

[Screw the Count @tradeplunger]

Nifty wave count on different timeframes.
5 min chart ending diagonal(very small degree), 30 min chart zigzag since march lows(minute wave ((v)) of larger ending diagonal), daily showing ending diagonal (Minor wave C) forming since Oct 21. [cont.]
#nifty

[Screw the Count @tradeplunger]

Finally the complete picture of cycle wave IV[running triangle].
2008 was primary wave ((A))[Dbl Zz]. March 2009 to march 2015 constituted primary wave((B))[zigzag]. Primary wave ((C)) must come in the teritory of primary wave((A)) if cycle wave IV is indeed a running triangle.

[Screw the Count @tradeplunger]

https://t.co/QL1LqvhDpy

Some more clarity... Minor wave C ending diagonal.

[Screw the Count @tradeplunger]

Wave 5 may well go in to make new all time highs or it may truncate. What's more important is the implication of this (almost) completed Elliot Wave pattern.
Minute wave ((v)) [zigzag] of Minor wave C [ending diagonal] of Intermediate wave (B) [running flat] is practically

[Screw the Count @tradeplunger]

Primary wave ((C)) [expanded flat] in progress of which intermediate wave (B) [running flat] is (almost) complete.