SOUTHBANK LONG
Updated
The Elliott Wave Structure refers to the framework and pattern of price movement in financial markets as described by Elliott Wave Theory.
According to the Elliott Wave analysis, waves (i) and (ii) have concluded for the stock; these waves are represented on the daily chart as blue numbers. Wave (iii) currently appears to be in progress.
Wave (iii) is expected to have around five subdivisions, which are highlighted in red.
Waves i, ii, iii, and iv (shown in red) of wave (iii) have been finished, while wave v is still unfolding.
The black circle represents five subdivisions that will follow wave v of wave (iii).
The chart displays the wave levels.
Level of Invalidation
The wave i has been identified as the invalidation level at 20.05. Because As per wave rules, Wave iv cannot enter the price territory of Wave i. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. I conduct my research solely for academic purposes.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
According to the Elliott Wave analysis, waves (i) and (ii) have concluded for the stock; these waves are represented on the daily chart as blue numbers. Wave (iii) currently appears to be in progress.
Wave (iii) is expected to have around five subdivisions, which are highlighted in red.
Waves i, ii, iii, and iv (shown in red) of wave (iii) have been finished, while wave v is still unfolding.
The black circle represents five subdivisions that will follow wave v of wave (iii).
The chart displays the wave levels.
Level of Invalidation
The wave i has been identified as the invalidation level at 20.05. Because As per wave rules, Wave iv cannot enter the price territory of Wave i. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. I conduct my research solely for academic purposes.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
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