AJAYSHARMA
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Weekly Elliot Waves - Bear rally/countrend move

NSE:SAIL   STEEL AUTHOR INDIA
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Explained in the chart regards . But its a good buy for a trader .

Comments

looks like also right shoulder forming of inverted HS
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AJAYSHARMA mklives
@mklives, Yes wave 5 (last leg of the correction) and 1 and 2 of new new impulse imply ihs. and break of the neckline occurs when wave 3 breaches the top of wave 2 .
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AJAYSHARMA AJAYSHARMA
@AJAYSHARMA, sorry typo ** top of wave 2** top of wave 1 . Then we have to see whether its actually a wave 3 is motion or not.
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