Hi Friends,
Following is the EW counts on weekly Tf. Currently, we are unfolding a larger wave 3 which has just started.
1. Larger Wave 1 was an ending diagonal where 4 wave overlapped with 1st wave.
2. Second wave has made a decent retracement.
3. With sectoral tailwinds in consumer durables and stock seems to be picking accumulation at the last leg of correction.
4. Very good time to enter for long term and ride the 3 wave up.
5. Indicative targets are marked.
6. Also, these targets will take a long time frame to reach as the chart is on weekly tf.
Following is the EW counts on weekly Tf. Currently, we are unfolding a larger wave 3 which has just started.
1. Larger Wave 1 was an ending diagonal where 4 wave overlapped with 1st wave.
2. Second wave has made a decent retracement.
3. With sectoral tailwinds in consumer durables and stock seems to be picking accumulation at the last leg of correction.
4. Very good time to enter for long term and ride the 3 wave up.
5. Indicative targets are marked.
6. Also, these targets will take a long time frame to reach as the chart is on weekly tf.
Trade active:
Fast up move, might consolidate for a while.