NEPSE Elliott Wave: Will Triangle Break 2755 to Trigger Wave 5?

NEPSE may complete a triangle and trigger wave 5 if it breaks above 2755, with 2557 as key support. Watch for a bullish impulse or a correction.

Signal: bullish

• Preferred levels:
• Resistance: 2755
• Stop Loss: 2557
• Breakout: 2755

• Alternative 1 levels:
• Support: 2400
• Invalidation: 2755
• Breakout: 2755

If this is the triangle completion and we are moving toward the third sub‑wave of the fifth wave, the price must first break above 2755. Only then can we count the move as an impulsive upside rally. For the count to stay valid, the level at 2557 should remain intact for now. That’s why I haven’t labeled the upward move as a 1‑2‑3 pattern—it could instead be an A‑B‑C correction.

According to the alternative count, we are most likely in the late stage of the B wave within the Y wave of a complex correction. If the index breaks above 2755, this count would be invalidated; if it does not, the market could move lower toward the 2400 zone to complete the correction, which may take additional time. We also have an AD‑line divergence that supports this scenario, making it more likely that the count will hold rather than be invalidated.