Nifty, Bitcoin, Gold and Silver crack – Elliott Wave called the move [Video]

Abhishek H. Singh WaveTalks

Indian equities and global risk assets came under coordinated selling pressure on March 19, 2026, as Elliott Wave structure executed with precision across multiple asset classes.

The Nifty50 Index delivered a sharp 775-point intraday breakdown -a move pre-identified through a Triangle + Thrust formation on the Elliott Wave framework, with 250 points captured live during the session. The pattern, a classic contracting triangle followed by a thrust extension, confirmed the bearish wave sequence that had been flagged in the prior session's analysis on WaveTalks.

Bitcoin keeping the long-term Wave 5 target above $126,000 intact but requiring patience from participants at current levels & forming wedge in wave 5 of higher degree Wave 3

Gold (MCX) and Silver (MCX) also registered technical cracks on their respective Elliott Wave counts, suggesting a multi-asset pullback phase rather than an isolated equity event. Both precious metals had entered overextended wave structures, and the current correction aligns with standard Fibonacci retracement targets within the broader bullish impulse.

Author

Abhishek H. Singh

WaveTalks

Abhishek is a seasoned financial analyst with over a decade of experience specializing in Elliott Wave Theory.

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