ShreeKrishna

Contracting Triangle

NSE:RAYMOND   RAYMOND LTD
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Well according to Theory its one of the possible pattern we can consider right now

What i am looking is an reversal and move up for completing the next leg

Price move within the structure clearly indicates its an move of Contracting Triangle

When 1st impulse down wave A is un-usually long then the formation of contracting flat or Contracting Triangle are 90 % possible structure during corrective patterns

we have to follow the price look for reversal in order go for short term trade with in the structure
Jul 21
Trade active
Traders , Speculators , CFA, CMT , CTA (Still learning or beginners)
Those who are interested in learning the Elliott wave Theory applying to Financial Instruments
Can Ping Me
ShreeKrishna
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