Elliott Wave Cycle is formed up of a total of 8 waves (5+3 waves). Waves 1 to 5 are counted in the Impulsive phase. Waves A to C are counted in the Corrective Phase. 3 Golden Rules of Elliott Wave: 1. Wave 2 cannot overlap wave 1. 2. Wave 4 cannot touch the territory of wave 1. 3. Wave 3 can never be the shortest.
Picture says it all, comment if you have doubts.
Looking for a correction from previous lows of 255.
Truncation learning - shortening something That why Elliot used the word failure shorter 5-wave compare to 3rd Wave, forever it does not move beyond or higher the end of the third. We prefer the less connotative term truncation or truncation fifth wave as illustrated in the chart. Reason of Truncating in 5th Wave: In the bull market, weakness in price &...
This post is for people who do not believe that technical analysis works. We gave this call in our ................... On 12th November 2020. Till 19th November, it was showing small movement of 1 to 2 %. But we waited. Then finally a 17% move in a single day! In technical analysis, we can find good opportunities but we don't know when the stock will start...
CEAT poised for a leap. In HTFs extremely bullish. In Daily charts, Price moved up above recent high with big volume. Price making Higher Lows. Bit of consolidation seen recently. Trading above Trend line. Pullbacks rebounding from recent high, suggesting recent Resistance is becoming support. Stock can give a decent return in short-term from current levels. SL...
Week brake out best buy for swing trading, near the neckline to break its past resistance Cmp :513.14 Buy abv :522 Sl: 500
Here as we can clearly see GBPUSD is in downtrend and price has hit weekly supply zone which is nested within monthly supply zone, so going short is the higher probability;)
Check Out Profit Booked Today and yesterday in NIFTY.
Do you Ever Wonder How world Trend is Performing Before the Indian Market Opens. How Major American Stock Exchanges performed ? How Major Asian Stock Exchanges are performing ? How is Major European Stock Exchanges are performing? It will be great if you get to Know all these in one place. ASIAN MARKET SENSEX Hang Seng Index Nikkei 225 Kosdaq Composite...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Descending Triangle Definition: An Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high . It is defined by two lines: .A horizontal support line running through valleys. .A Downtrend line drawn through the peaks. The lower highs...
Buy above 172 if it holds at it Target :178 Sl :169 CMP:170.30
UBL IN TIGHT RANGE PAST MANY DAYS TRADE OUTSIDE THE RANGE