AXIS Bank Elliott wave analysis : wave E is getting cooked !
Howdy Traders ,
This is 30 minute time frame chart of AXIS BANK.
You can see that waves 1 to 5 are completed.
The retracement of wave 1 is 61.8% and retracement of the wave 4 is 38.2%.
The 3rd wave is extended and in that we can see other degrees of Elliott Wave cycle.
The 4th wave can make an expanding triangle. Let's Wait for wave E
5th wave can travel up to 61.8%.
This is 30 minute time frame chart of AXIS BANK.
You can see that waves 1 to 5 are completed.
The retracement of wave 1 is 61.8% and retracement of the wave 4 is 38.2%.
The 3rd wave is extended and in that we can see other degrees of Elliott Wave cycle.
The 4th wave can make an expanding triangle. Let's Wait for wave E
5th wave can travel up to 61.8%.
Trade closed manually