The most important for Analyst is to identify the next possibilities
what are the best complex or non-complex pattern can arise when scrip reach to certain price level
Analyst have to understand the past , and have to look in the present and have to forecast the feature
Forecasting is an Acquired knowledge after deep practice in the analytical process ( Not tweeter post copying )
As Analyst one has to have an ability to identify the current status , and then incomplete patterns and once
the incomplete patterns completed , expect the next movement in an alignment of previous trend
Here in this i am looking as 3 wave simple wave 4 formation from its recent move up ( an initial clean simple understanding )
it has two distinctive possibilities ( Function of Time )
Function of time is usually an side way move where the price is regulated and time is consumed
01) it can complete current pattern and then move up
02) it can extend the side way correction in to multiple three wave pattern
which one will happen i have no idea , but these are the two possibilities which are nearest to current 5 wave move
an second view from the prospective of long term charting or price movement it is still due for up side move which i am forecasting it as
its in 3 wave impulse wave which has to complete further price movement ( Function of price )
one can look for position based on reversal or buy set up and look to trade in all the up-coming aspects
what are the best complex or non-complex pattern can arise when scrip reach to certain price level
Analyst have to understand the past , and have to look in the present and have to forecast the feature
Forecasting is an Acquired knowledge after deep practice in the analytical process ( Not tweeter post copying )
As Analyst one has to have an ability to identify the current status , and then incomplete patterns and once
the incomplete patterns completed , expect the next movement in an alignment of previous trend
Here in this i am looking as 3 wave simple wave 4 formation from its recent move up ( an initial clean simple understanding )
it has two distinctive possibilities ( Function of Time )
Function of time is usually an side way move where the price is regulated and time is consumed
01) it can complete current pattern and then move up
02) it can extend the side way correction in to multiple three wave pattern
which one will happen i have no idea , but these are the two possibilities which are nearest to current 5 wave move
an second view from the prospective of long term charting or price movement it is still due for up side move which i am forecasting it as
its in 3 wave impulse wave which has to complete further price movement ( Function of price )
one can look for position based on reversal or buy set up and look to trade in all the up-coming aspects
Trade closed: target reached