How does the wave Principle works ?
Can it be trusted ??
How is results ??
Well i can say one thing with personal experience , Wave principle works all the time and all the degree of trading time frames so far i have seen
it gives an edge of understanding the developing trend
it gives an edge of when the termination may occur
it gives an edge to enter at best place with minimum risk
it gives an edge to where to exit with maximum profits ,
if you ask any one who knows the price action he or she will tell you that this is current set up is , but in reality it has one more down move before the actual trend begin
and you will find some experts keep talking about how the investors are buying and selling in reality they are giving you an indication of trend which has already completed its 50 % of move
for Example when you see any analyst trying to tell you that the wave 3 is began now after giving an explanation of showing you high Just run away form him or her
because they are showing you an Point of recognition what we ( Wave analyst ) call as mass retail entry point , very soon the trend ends with surprising disappointments
But we as Wave analyst enter at best price with low termination and we take the benefit of Maximum returns on minimum risk
Well having said about wave principle i would like to inform you about the scrip is due for one more sharp move before it makes its turn around
Look for buy set up once the price terminates
Wait for Friday close , since its an Quite negative sentiment
I dont think there is a valid motive wave(5 wave sequence) structure from the bottom as waves r overlapping;particularly wave 4.It doesnt even look like LD. But ur view may manifest as the structure looks like 3-3-5 pattern to be unfolding...which may result in sharp upmove....
Ur view will be correct if u change the wave 2 count....to nxt higher low...by taking it as truncated wave c within wave 2 structure....all the best👍