AJAYSHARMA
Education

Wave 3 extension- scourge for bears

NSE:BATAINDIA   BATA INDIA
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4
Elliot wave is essentially a trend channel technique provided the counts are correct. Regards

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Good Morning Sir , In this chart , wave 3 "Blue" shows 2 up moves seperated by a Triangle "Red". Is this permissible in wave 3 Impulse ?

This is just for clarification ...Regards.
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AJAYSHARMA prabakaran62
@prabakaran62, It is a running contracting triangle in wave 4 position. Need 2 take hourly chart to see the five waves in wave 3 Blue. Regards.
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prabakaran62 AJAYSHARMA
@AJAYSHARMA, Thanks.
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