#Reliance - possible pause to the downfall
Reliance may have completed an a-b-c correction or W of W-X-Y, we can now look for a upmove, if it is in 5 waves, the trend may be resuming upwards, else we are possibly headed down once more after that to the 50% correction range before a the larger trend resumes.
Trade active
Good reversal, looks impulsive for now. Can hold positions
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
Related publications
Disclaimer
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.
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
Related publications
Disclaimer
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.