Trade what you see Long

STATE BK OF INDIANSE

Description

⋅ Aug 15, 2020 5:08 AM

confirmation of "e" on the chart awaited
waiting for price confirmation.

How to classify this pattern?

"Continuation Or Correction "

Argument:
1. Perfectly placed shrinking price action.
OR
1.Angle of pattern is gradually rising?

Comment

⋅ Aug 17, 2020 4:09 AM

193.00 for ID would be my SL if i was trading this stock

Comment

⋅ Aug 17, 2020 4:24 AM

SL triggered for ID

Comment

⋅ Aug 17, 2020 4:25 AM

still waiting for Wave e to be confirmed

Comment

⋅ Aug 17, 2020 9:35 AM

next trade day might provide a much needed clarification.

Comment

⋅ Aug 18, 2020 9:13 AM

we should be able to place our Wave e on the chart by days end.

Comments

Niftydirection

⋅ Aug 15, 2020 9:06 PM

Preceding uptrend contracting triangle should break upside. If holds low of C then probably will go up.

SCBNifty

⋅ Aug 16, 2020 3:03 PM

@Niftydirection, your view is " 1.Argument ".

TradeXetrem

⋅ Aug 15, 2020 5:13 AM

Dear Sir where i can learn Elliot Wave pricinples let me know.

SCBNifty

⋅ Aug 15, 2020 5:17 AM

@TradeXetrem, You have a plethora of reference books available, and there are equal number of websites offering enough material. You can learn from Elliott Wave practitioners.