Elliott Wave Analysis:-
A up wave was completed and a correction was over.
If it continues the upside move then an impulse was already in formation.
But if it is a correction was then it will be a connecting wave and the correction will become a correction continuation wave.
my view is one impulse was over in this time frame next to w) wave . if it may go up without breaking down of W) wave then it will form a 5th wave.
another view:-
If the correction wave breaks the top of 2nd wave then entire correction will be correction wave and impulse marking will get failed. wait and watch the wave formation.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
A up wave was completed and a correction was over.
If it continues the upside move then an impulse was already in formation.
But if it is a correction was then it will be a connecting wave and the correction will become a correction continuation wave.
my view is one impulse was over in this time frame next to w) wave . if it may go up without breaking down of W) wave then it will form a 5th wave.
another view:-
If the correction wave breaks the top of 2nd wave then entire correction will be correction wave and impulse marking will get failed. wait and watch the wave formation.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.