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Doublezigzag

Angel One: Corrective pattern aligning for bounceAngel One topped at an all-time high of 3895 before entering a corrective phase. The decline into 2025 marked Wave W, followed by a rally into 3503 as Wave X, and then a fall to 1941 completing Wave Y. From there, the stock advanced to 3284, counted as Wave A/1 with a leading diagonal. The decline since 3284 has unfolded as a double zigzag (W–X–Y) within a parallel bearish channel. Wave Y is testing key supports at 2454 (0.618 Fib) and 2228 (0.786 Fib). RSI is near the oversold band around 30,
NSE:ANGELONELong
by WaveXplorer
Crude Oil making Ending Diagonal in wave C of WXYCrude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can say it could make one more low below 86.82 but if goes too deep 77.5 then CHART Invalid. Would wait for confirmation Above 95 to head
TVC:USOIL
by Niftydirection
Nifty Double zig zag correction Mar 2021Nifty made low 14350(Wave 2) this is nearly 0.618 fibonacci level(14297) of previous rally after budget from 13597 to 15432(Wave 1) Since correction is deep this is double zig zag correction. Upper channel line target comes around 15200. Nifty made Piercing Line candle Stick on daily chart on Friday 19th Mar 2021. Swing high 15337 break is confirmation of correction completion for 3rd wave least target 16185. If channel and 15337 is not broken then there is possibility of Tripple Zig zag co
NSE:NIFTYLong
by Niftydirection