Part 2 : ABC Correction on Reliance industries

howdy Traders ,
you can clearly see that FIVE wave impulsive phrase Has just completed and we are at corrective Phrase.
wave A is impulse and when we are focusing on subwaves so 4th subways is ready to be completed !!!
if we want to make money we will focus on 5th impulsive subwave.
if wave A will finsihed only with 3 wave pattern so we will go for 3-3-5 wave pattern which is Flat !!
Trade closed: target reached: wave 5 completed


The ABCDE you have put is not triangle , you have been mis-guided or you have mis-understood the concept of wave theory
+2 Reply
underrated_bull ShreeKrishna
@ShreeKrishna, thank you sir !
@ShreeKrishna, Then what is it?
+2 Reply
ShreeKrishna UnknownUnicorn12270065
@UnknownUnicorn12270065, I do not want to educate un-necessary on the topic of ABCDE or Triangle pattern , all i can say its NOT TRIANGLE , you can check with your educator or Mentor , I have learnt in Elliott wave International and i exactly know what are requirements and what are basic points to identify ABCDE or Triangle pattern ,

Good luck again with your New Venture as Underrated_bull
+1 Reply
@ShreeKrishna, Oh! Thank you. I know also the reason of it. I have also completed CMT.
VishalSancheti ShreeKrishna
Looks like 4th wave under process in form of abc pattern.. Friday's break of trend line giving signal of reversal to move towards 5th wave on upside which will be again in form of 1,2,3,4,5, hence a new trend is emerging soon.. Hope i am on right track @shreekrishna
I like your idea and hard work
+1 Reply
underrated_bull Black_bull_774
@Black_bull_774, Thank you
perfect analysis i am impress
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