The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave.
Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel .
-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Wave Personality : I won't expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.
----------One DAY chart----------
A continue move towards up-direction from level 288 to 818.
Main Resistance level is 830 From the current level price will be attracted near 769 price, and continue to follow the price up-to 842.
Sorry, i am again mentioning wave counts are not correct. How can wave 4 retrace beyond 61.8%.
dhb0106
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as elliot wave theory 2-to-4 trend line must not be broken by wave 3 and in your it is ,so it can possible ?
dhb0106
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@dhb0106, 2nd thing is i could not understand is largest wave is 1.618 of second largest wave right ? and in this case wave 5 is second largest wave than as a fib level of 5th wave 3 wave must be over above 905 ,right ?
James_roy
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You teach me Elliott wave
vinaychoudhari
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YOU HAVE VERY GOOD DRAWING SKILLS.
48ccb32ce92a4f0fa55ec96ac35cbf
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What is the target for aurobindo in next two months
I am not able to understand this. Can you please recap in simple words, I am not good in Elliot wave theory .... Please
Main Resistance level is 830
From the current level price will be attracted near 769 price, and continue to follow the price up-to 842.
Thanks and Regards