RELIANCE SPOT
Updated
HERE IS HOW i READ THE CURRENT WAVE STRUCTURE ON RELIANCE.
1. A CLEAR 5 WAVE IMPULSIVE PATTERN HAVING BEEN DONE...... WE ARE IN A CORRECTIVE ABC CURRENTLY, WITH THE FOLLOWING RIDERS
A. I HAVE MARKED ''A'' DOWN @ REMEMBER THAT IT CANNOT BREACH THE LOW POINT OF WAVE 4
B. HAVE MARKED ''B'' UP WHICH CANNOT BREACH THE HIGH POINT OF WAVE 5
C. HAVE MARKED ''C'' AS DOWN AS IT CAN AND WILL BREACH ANY POINT IT WISHES TO ON THE DOWNSIDE.... THE RETRACEMENT OF WHICH WILL BE GOVERENED BY THE FIBONACCI RETRACEMENT PERCENTAGE .
ONCE C IS COMPLETE..... IT WILL START ANOTHER FRESH 5 WAVE IMPULSIVE UP
1. A CLEAR 5 WAVE IMPULSIVE PATTERN HAVING BEEN DONE...... WE ARE IN A CORRECTIVE ABC CURRENTLY, WITH THE FOLLOWING RIDERS
A. I HAVE MARKED ''A'' DOWN @ REMEMBER THAT IT CANNOT BREACH THE LOW POINT OF WAVE 4
B. HAVE MARKED ''B'' UP WHICH CANNOT BREACH THE HIGH POINT OF WAVE 5
C. HAVE MARKED ''C'' AS DOWN AS IT CAN AND WILL BREACH ANY POINT IT WISHES TO ON THE DOWNSIDE.... THE RETRACEMENT OF WHICH WILL BE GOVERENED BY THE FIBONACCI RETRACEMENT PERCENTAGE .
ONCE C IS COMPLETE..... IT WILL START ANOTHER FRESH 5 WAVE IMPULSIVE UP
Note
I AM IN NO WAYS INDICATING THAT A DOWN IS OVER.... FOR ME IT WOULD PROBABLY COMPLETE AROUND 2030-53 ZONE
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