UNDERDOG-29

current count super cycle-3-cycle-1,primary-5

NSE:SAIL   STEEL AUTHOR INDIA
super cycle degree-white
cycle impulse-yellow,
cycle correction-red,
primary impulse-blue

currently we are in super cycle degree wave 3 which is supposed to be most powerful impulse,hence as an individual one should always look to buy this stock be it for intraday,swing or positional trading as higher degree will always have bigger impact on price movement.

In coming days(this month end) if prices correct's and gives negative closing on monthly chart than we can assume that wave 1(cycle) of wave 3 (super cycle 3) has ended and wave 2(cycle) correction can take prices in the range of 89-70.Following wave 3-4-5 target's are as follow's
assuming wave 2(cycle)ending @70.
wave 3(cycle):70-280
wave 4(cycle):280-200
wave 5(cycle):200-460/480.longest among 1,3,5 as generally seen in commodities .

Mind well this are just ideal projection as per text-book guidelines.Actual levels may differ.Whole idea behind this post is to share insight on current wave count on long term price action.

Comments

tahanks a lot sir.. i am now more confident.. this is supercycle wave 3,cycle wave 1 is ending soon.. then cycle wave 2.. okkk great help. thanks a lot.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter