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supreme_bull
Nov 2, 2020 6:32 PM

AXIS Bank Elliott wave analysis : wave E is getting cooked ! 

AXIS BANKNSE

Description

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%.

Trade closed manually

Comments
ShreeKrishna
it did not come to your wave (4) level ,
supreme_bull
@ShreeKrishna, yes c point with 38.2% was 4th wave . but i labeled 5 as 4th
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