PEL a possible EW ABC/WXY both pointing return of Bears

PEL from ATH is having a choppy correction, movement in PEL is choppy on both the sides with Rejection near 2766 PEL doesn’t look healthy for the bulls.
A possible Elliot wave correction is ABC or a complex WXY both pointing to downside

Entry: at CMP 2621 or at 2700

SL: 2770

Target: 2482/2445

Disclaimer: I’m no means a financial advisor, i m just a Meyer trader. So consult your financial advisor before taking trading decisions.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.