TCS is forming an ending diagonal in sub-wave 5 of wave((5)).
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation: wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through trailing stops.
Acceleration of wave (5) can give the move up to 4080.
Price is about to complete the last move of the ending diagonal.
It has created sub-waves 'i' and 'ii' of wave 5.
The trader can initiate a long position for wave 'iii' after the breakout of wave 'i'.
Rule of invalidation: wave 'ii' can never overlap the starting point of wave 'i'. The best way to reduce risk is through trailing stops.
Acceleration of wave (5) can give the move up to 4080.
Comment:
Check the results
Trade closed: target reached:
TCS has made a high of 4048, and started corrective formation.
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