Reliance. Now similar bull market for formation of higher degree wave B. After a week Reliance make new low ( bear market) for formation of higher degree wave C .
Reliance in a zigzag correction.
This is what I see when I label price chart three ways in similar wave A, B & C and wave "(B)" forming parallel channel .wave "A =wave C.Okay.Next, For Reliance , impulse wave "C" which ends at or near the extreme wave "A". In this instance we actually went a little bit lower , typically with respect to wave.
The relationships have either wave C=A or 1.382 multiples of wave are very acceptable.
Reliance in a zigzag correction.
This is what I see when I label price chart three ways in similar wave A, B & C and wave "(B)" forming parallel channel .wave "A =wave C.Okay.Next, For Reliance , impulse wave "C" which ends at or near the extreme wave "A". In this instance we actually went a little bit lower , typically with respect to wave.
The relationships have either wave C=A or 1.382 multiples of wave are very acceptable.
