only for study
according Elliott's wave theory it has completed its 1st cycle perfectly.
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and have a look at its bar ..... aporox 144 bar are there
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So lets assume 5th wave as 1 wave of its higher degree
and 8th wave as 2nd wave of higher degree
-------------------------------------------------------------------------------------
Now there can be some consolidation in 2nd wave ... but after breakout we can assume that it will give an awsm rally for 3rd wave
_________________________________________________
THANKS ..
_________________________________________________
according Elliott's wave theory it has completed its 1st cycle perfectly.
--------------------------------------------------------------------------------------
and have a look at its bar ..... aporox 144 bar are there
____________________________________________________________
____________________________________________________________
So lets assume 5th wave as 1 wave of its higher degree
and 8th wave as 2nd wave of higher degree
-------------------------------------------------------------------------------------
Now there can be some consolidation in 2nd wave ... but after breakout we can assume that it will give an awsm rally for 3rd wave
_________________________________________________
THANKS ..
_________________________________________________
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.