This video is strictly for *educational purposes* and explains *Elliott Wave Theory* in detail. We cover the foundational concepts of *5 Impulse Waves and 3 Corrective Waves**, including the three unbreakable rules that define valid wave counts. You will learn how **Wave 2 never retraces 100% of Wave 1**, why **Wave 3 is typically the longest and strongest**, and how **Wave 4 never overlaps Wave 1’s price territory**. The lesson includes clear diagrams, Fibonacci ratios (0.382, 0.500, 0.618, 1.618, 2.618), and real chart examples on **Nifty 50, BankNifty, Bitcoin, and Gold* using TradingView. We break down *market psychology* behind each wave, show how to identify *impulse vs corrective phases**, and explain **wave degrees* (Grand Supercycle to Sub-minuette). Common mistakes like overcounting or mislabeling are highlighted with practical tips to avoid them. The content combines *price action, volume, and time cycles* to improve wave validation. All examples are historical and used only to illustrate the theory. This lesson is part of a structured series designed to build your understanding step-by-step. No live trades, signals, or recommendations are given. The goal is to help you *learn technical analysis* through the lens of Elliott Wave principles. Pause the video, practice on your charts, and revisit concepts as needed. *Educational Benefits:* • Understand why markets move in predictable patterns • Develop structured approach to chart reading • Improve entry/exit timing using wave context • Build confidence in trend vs correction identification *Important Disclaimer:* We are **not SEBI registered**. This content is **not investment advice**, **not a recommendation to buy/sell**, and **not financial advisory**. Trading involves high risk. Past performance is not indicative of future results. Viewers are solely responsible for their decisions. Consult a qualified financial advisor before trading. @Sharemarketanalyst_Rishi *Practice Tip:* Open any chart, draw trendlines, label waves, and check rules. Repeat daily to master the process. • Video • 17 NOV 2025 Nifty Prediction #nifty #sense... #ElliottWave #ElliottWaveTheory #TechnicalAnalysis #EducationalPurpose #StockMarket #sensex #optionstrading #Nifty #BankNifty #TradingView #WaveCounting #ImpulseWaves #CorrectiveWaves