Key Level: 824 & 853 Adani Port has broken down the corrective wave X and started forming an impulse wave ((5)).
Price had broken down the 8-month-old correction, and Adani Port surged rapidly. Adani Port can u-turn from 1.618% at 1049. It is a reverse Fibonacci of wave ((4)). Currently, the price is at the 78.6% reverse Fibonacci level at 853.
If Adani port fails to break the previous high at 901, there will be a case of truncation. It shows that the current impulsive move has a lack of demand pressure. Then the decline will be 3x more powerful than the normal corrective wave.
Trade closed: target reached
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New High 924
Comment
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Heavy supply pressure after completion of wave ((5)).
Nameste Madam. Elliot wave, yeh sab tumne kaha se sikha? Mujhe bhi sikhneka hai. Please guide.
forextidings
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@cixegik234, You can personally DM me, so i can guide you.
cixegik234
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@forextidings, There are many other people like me who also wants to learn this Elliot wave. so can you just name those good books and your Teachers name? This much will be sufficient i believe.
cixegik234
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@wonderfulBear71362, Thank you for your advice, but i dont think AS or any other popular coaching will teach Elliot wave the way madam has been taught. i did few coachings before, but now i need a teacher for elliot wave. waiting for the madam to disclose her teachers name.