as per monthly chart its look like stock has completed his 5th wave and now in abc correction pattern i am not an expert in elliott wave if any one want to give suggestion please come forward and give me their opinion
@MoneyRain, So many diverse views. No wonder there is unity in Diversity
I-Fund-Trader
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@MAYA_MUMBAI, Because the Market is not moving based on some theory , it moves on its own pace , but we can identify the same by hypothetical rules made by farmer researchers in Finance filed , today you started as Novice trader who knows tomorrow world may witness you as extra-ordinary researcher if you come out with an view which has a higher success , What i have learnt is market moves in its own way ,and i have identified few patterns which works perfect , then i am still learning to identify if any new form of pattern forms , what i mean is i am training my self to learn what a an artist try to draw in the paper , but what detail i need is completion of the drawing by artist because we dont know what is in his or her mind when they are creating a particular diagram , in the same manner here also we have to wait for market to move as per our forecast and we have to see how it moves to our forecast (Strength or weak ) based on that we can justify our views for next upcoming pattern , and when you join all the small patterns it becomes one large view , I hope i am clearing few points where your hunt for proper answer is not seen or will not be visible until market gives its confirmation
It's interesting to meet people with different point of view.
Yes with time , the pattern changes and with that the view on the stock changes
Time is a very misleading thing. We can gain experience from the past, but can't relive it;
By that time , Stock market must have taken a different turn!
ronilshah
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@MAYA_MUMBAI, SORRY FOR LATE REPLY ANSWER FOR YOUR FIRST QUESTION IS THAT EVEN IF IT WAS 3 WAVE COMPLETED WE EXPECT FALL FOR WAVE 4 WHICH WILL RETRACE WAVE 3RD NOW YOUR SECOND QUESTION WAVE B CAN EVEN GO ABOVE WAVE 5 IF IT IS EXPANDED FLAT OR IT CAN GO UP TO WAVE 5 AS PER FLAT CORRECTION BUT IT IS A ZIG ZAG WHERE B WAVE RETRACE WAVE A UP TO 61.8% 50.% I TRY MY
Even if you consider wave 5 complete , How muuch do you expect wave B to go ?