Lupin: going to make the 5th impulse wave
1. wave count spotted
2. wave 4 (3 wave correction) finished with a bullish divergence (23.6% of the extended wave 3)
3. high probable impulse wave 5
4. once it breaks out of the channel - confirmed
Weekly chart:
2. wave 4 (3 wave correction) finished with a bullish divergence (23.6% of the extended wave 3)
3. high probable impulse wave 5
4. once it breaks out of the channel - confirmed
Weekly chart:
Trade closed: target reached:
Booking a little earlier than the complete target because of some intraday bearish divergences!
Trade closed: target reached:
5th wave done!