Hello Friends , I received so many request for Joining my Private Club as Technical Traders , I am attending one by one all PM , Please be patient i will attend your message if not attended so far
Forecasting is an Educated Method , and Applying Trade on real time is an Traders Intelligence, Most of the People who think they can forecast by reading
Elliott wave theory and Going through some video on Youtube , but reality is completely different form their expectation , reason is simple
You need a Person who is Qualified enough to correct your mistakes or errors , its Just like a School in the Kinder garden
When you see bunch of children want to play new Game just told by Teacher , but they fail and they go more stressful in 1 day of playing the game because they need to
Understand all the moves in the Playing of the game , same is true in any Education , You need to understand all the information before you start your analysis
Regarding this scrip , it has completed its Wave 4 ( which Got completed in the corrective pattern of A B C , Wave C is again extended in 5 wave move )
Now the scrip is ready for move up , since wave 3 was very much Extended by Price i am looking wave 5 might terminate at or near the Wave 3 High or surpassing the wave 3 high
I am looking for completion of current wave (1) of Wave 5 ( Impulse) and will wait for pull back & reversal in order to go for Positional Trade for next move up ,
the up side move will be time consuming , Hope one will consider the time frame of 8 Months + , Futures traders can keep rolling over and book near the forecast
I have made small efforts in giving the visual information
Good luck
Forecasting is an Educated Method , and Applying Trade on real time is an Traders Intelligence, Most of the People who think they can forecast by reading
Elliott wave theory and Going through some video on Youtube , but reality is completely different form their expectation , reason is simple
You need a Person who is Qualified enough to correct your mistakes or errors , its Just like a School in the Kinder garden
When you see bunch of children want to play new Game just told by Teacher , but they fail and they go more stressful in 1 day of playing the game because they need to
Understand all the moves in the Playing of the game , same is true in any Education , You need to understand all the information before you start your analysis
Regarding this scrip , it has completed its Wave 4 ( which Got completed in the corrective pattern of A B C , Wave C is again extended in 5 wave move )
Now the scrip is ready for move up , since wave 3 was very much Extended by Price i am looking wave 5 might terminate at or near the Wave 3 High or surpassing the wave 3 high
I am looking for completion of current wave (1) of Wave 5 ( Impulse) and will wait for pull back & reversal in order to go for Positional Trade for next move up ,
the up side move will be time consuming , Hope one will consider the time frame of 8 Months + , Futures traders can keep rolling over and book near the forecast
I have made small efforts in giving the visual information
Good luck
having said or updated this its not necessary to short sell in Futures as the movement will be very slow and spiky too ,
One can wait for Lower high formation on daily basis for entering Long term Holding