NEPSE Elliott Wave Analysis

The preferred count suggests that NEPSE is still unfolding the 4th-wave triangle, with the ongoing (e) wave potentially developing as a WXY corrective structure and nearing completion. An alternative possibility is a slightly deeper move to complete an expanding ending diagonal within the (e) wave. The key level for both scenarios is 2469.37. As long as NEPSE holds above this level, the preferred count remains valid. A break below 2469.37 would invalidate the preferred count (SL hit), making the alternative count the preferred scenario. Under the alternative count, the (y) wave of ((y)) of the 2nd-wave correction may still be unfolding, suggesting a deeper and potentially more time-consuming correction.

Signal: neutral

• Preferred levels:
• Stop Loss: 2469.37
• Invalidation: 2469.37
• Breakout: 2755

• Alternative 1 levels:
• Target: 2422-2279
• Invalidation: 2969.50

NEPSE – Elliott Wave Update If the 4th-wave triangle remains valid, the ongoing (e) wave may be developing as a WXY corrective structure, which appears to be near completion. This scenario remains valid as long as NEPSE does not break below 2469.37, which serves as the key invalidation/SL level. Another possibility, shown by the dotted red projection, is that the correction may extend slightly deeper to complete an expanding ending diagonal within the (e) wave. The invalidation level remains the same: 2469.37.

Alternative Elliott Wave Count – NEPSE In the alternative Elliott Wave count for NEPSE, we are still unfolding the (y) wave of ((y)) within the 2nd-wave correction. Under this scenario, the correction is expected to be deeper and more time-consuming, meaning the pattern could require significantly more time to fully develop and complete. This remains an alternative count and will continue to be monitored alongside the preferred scenario.