WE ARE IN
PROMARY WAVE 4-YELLOW
INTERMEDIATE WAVE C-WHITE
MINOR WAVE 5-ORANGE
MINUTE WAVE 5-RED.
AS OF NOW PRICE IS MAKING ENDING DIAGONAL/WEDGE KIND OF PATTERN. GENERALLY FOUND IN WAVE 5 OF IMPULSE OR WAVE C OF ABC(IN THIS CASE).PRICE HAS ALREADY FALLEN IN INTERMEDIATE DEGREE ABC FLAT CORRECTION TARGET ZONE.MINUTE DEGREE WAVE 5 CAN TAKE PRICE TO 32000 LEVEL WERE IT CAN GET SUPPORT OF LOWER LINE OF CONVERGING DIAGONAL.
RSI IS ALSO SHOWING POSITIVE DIVERGENCE SUGGESTING END IS NEAR.
WAIT FOR PRICE TO GIVE CONFIRMATION IN THE FORM OF REVERSAL CANDLE AND GET LONG AT THE TIME OF CLOSING OF THE SAME DAY.IN COMING DAYS WAVE 5 PRIMARY MIGHT TAKE US TO PREVIOUS HIGHS OR EVEN EXCEED PREVIOUS ATH PRICES.TARGET IS 37600 AND 41100.
INVALIDATION POINT IS 161.8% EXTENTION WAVE A FOR WAVE C WHICH IS COMING AT 31560.AND HENCE SAME LEVEL SHOULD BE TREATED AS STOP LOSS FOR LONGS.
DISCLAIMER:THIS ARE JUST MY VIEWS,POSITION SHOULD NOT BE BUILD ONLY ON THE BASIS OF THIS ANALYSIS AND ONE SHOULD UNDERSTAND THE RISK ASSOCIATED WITH THIS AND ACT ACCORDINGLY.
IF YOU FIND SENSE AND LOGIC IN MY ANALYSIS DO COMMENT.
HAPPY INVESTING/TRADING.
PROMARY WAVE 4-YELLOW
INTERMEDIATE WAVE C-WHITE
MINOR WAVE 5-ORANGE
MINUTE WAVE 5-RED.
AS OF NOW PRICE IS MAKING ENDING DIAGONAL/WEDGE KIND OF PATTERN. GENERALLY FOUND IN WAVE 5 OF IMPULSE OR WAVE C OF ABC(IN THIS CASE).PRICE HAS ALREADY FALLEN IN INTERMEDIATE DEGREE ABC FLAT CORRECTION TARGET ZONE.MINUTE DEGREE WAVE 5 CAN TAKE PRICE TO 32000 LEVEL WERE IT CAN GET SUPPORT OF LOWER LINE OF CONVERGING DIAGONAL.
RSI IS ALSO SHOWING POSITIVE DIVERGENCE SUGGESTING END IS NEAR.
WAIT FOR PRICE TO GIVE CONFIRMATION IN THE FORM OF REVERSAL CANDLE AND GET LONG AT THE TIME OF CLOSING OF THE SAME DAY.IN COMING DAYS WAVE 5 PRIMARY MIGHT TAKE US TO PREVIOUS HIGHS OR EVEN EXCEED PREVIOUS ATH PRICES.TARGET IS 37600 AND 41100.
INVALIDATION POINT IS 161.8% EXTENTION WAVE A FOR WAVE C WHICH IS COMING AT 31560.AND HENCE SAME LEVEL SHOULD BE TREATED AS STOP LOSS FOR LONGS.
DISCLAIMER:THIS ARE JUST MY VIEWS,POSITION SHOULD NOT BE BUILD ONLY ON THE BASIS OF THIS ANALYSIS AND ONE SHOULD UNDERSTAND THE RISK ASSOCIATED WITH THIS AND ACT ACCORDINGLY.
IF YOU FIND SENSE AND LOGIC IN MY ANALYSIS DO COMMENT.
HAPPY INVESTING/TRADING.