It seems Wave 4 correction is over and soon we may see strong rally in Wave 5
The chart is up for discussion . But the latest wave has not ended . Regards
Explained in the chart.
Very soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take...
Swing trading opportunity, go long when day close above 21 Days EMA.
Nifty had reversed from a Price & Time axis equilibrium on August 31. It appears to have completed an Ichimoku wave yesterday very close to major support of 11150. Will consider this turnaround for now as a bounce for now till 11500 and above that 11650 provided it can take out 11415. Support comes in at 11250. Ichimoku study is trend is based on time, price is...
only for study according Elliott's wave theory it has completed its 1st cycle perfectly. -------------------------------------------------------------------------------------- and have a look at its bar ..... aporox 144 bar are there ____________________________________________________________ ____________________________________________________________ So lets...
Sitting at a very strong Support Resistance zone The next candle should give the direction of move to the next resistance 23593 for long and short move for the Fibo level of 22370 or trend line support. THIS IS NOT A TRADING IDEA. I AM LEARNING TRADE WITH YOUR INTELLIGENCE.
Bank Nifty Analysis based on Elliot Principles (for Educational purpose only)