it is still in corrective mode
Divis Lab CMP 5977
Elliott- The iiird wave of C should start from here. The minimum tgt for it is 5535. They generally the strongest and sharpest moves.
RSI - the oscillator has reached the bear zone at this rally and is confirming the weakness.
Conclusion - its a good short in my view. Good news is it is a bullish corrective pattern.
Elliott- The iiird wave of C should start from here. The minimum tgt for it is 5535. They generally the strongest and sharpest moves.
RSI - the oscillator has reached the bear zone at this rally and is confirming the weakness.
Conclusion - its a good short in my view. Good news is it is a bullish corrective pattern.
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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.