Elliott wave perspective on Global indices to understand the maturity of trend and exact location of the market post the crash of Covid 2020. Equity markets have shown strong recovery post the crash of Covid 2020 but the interest rate cycle is also on upside. Understanding the future probable path and if the rally is sustainable or is time to get cautious! Elliott wave acts as GPS of the markets and works on market fractals. It is one of the best forecasting tools that can help traders and investors to take objective trading or investment decisions and helps to stay ahead of the crowd.