After completing the super cycle W5, Nifty entered into what could possibly be a correction (or a bear market?) in text-book style leading diagonal pattern(Wave 1). Currently its either approaching end of Wave 2 or already just completed W2. Expect Wave 3 to be nasty and swift and deep.
Target Date: Likely by mid to end of June
Target correction: 10 to 20%.
Elliot wave and Fibonnoci analysis predicts the next target for dogecoin be 0.93 with a risk reward ratio of 1:3 ,with a waiting period of maximum 96 days from now as long as the SL is not trigered.
WARNING : kindly stick on with proper money management before entering any trade with a golden rule of risking less than 5 % of the total capital in every single trade.
Wave C seems to be ended today near 14590
v of C was ending diagonal with internal zig zag moves.
Fresh Impulse has started 1,2 done and 3 started or a,b done and C in progress.
Expecting 1.382-1.618 when 3 or C goes up beyond 1.618 level extension is expected.
###Earlier idea link can be found below####
DISCLAIMER:There is no guarantee of profits nor...
ICICI BANK GAVE BREAKOUT OF 613 IN TODAYS TRADING SESSION.NOW AS PER NEO WAVE IMPULSE RULE IF ANY PREVIOUS DECLINE IS FOLLOWED BY EQUAL OR HIGHER LENGHT OF RALLY IN LESSER TIME THAN THAT OF DECLINE IN QUESTION THAN WE CAN ASSUME IT TO BE START OF NEW IMPULSE.
BUY@619
SL@590
TGT@666
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The...
MACD has already given a sell signal at 17.
Signal confirmed if price breaks the support below 16.70 to 16.50
Hence the sugar rally is likely to take a breather under corrective wave C.
Wave (2) is in progress and there are possibilities that which inner wave is in progress - either wave C of (2) or wave B of (2). Once wave (2) completes, there will be strong up-trend but if current wave is wave B of (2) it may take some time for wave (2) to be completed.
