Another Elliot wave pattern.
We can see the share price has completed wave 3 and is correcting in a pattern (wave 4).
Expect a rally towards 5300 after this short-term correction.
We can see the share price has completed wave 3 and is correcting in a pattern (wave 4).
Expect a rally towards 5300 after this short-term correction.
Trade active:
I hope wave 4 has ended here. It had gone 100 points below from where I was hoping it to end. This is at 0.5 retracement.
Technically we should see a rally towards 5120.
I'm holding my positions (at loss now).
Technically we should see a rally towards 5120.
I'm holding my positions (at loss now).
Trade active:
Here comes wave 5. Happy trading!
Trade closed: stop reached:
Trade went terribly wrong. Sorry guys!