According to Elliott Wave principle, the 5 impulsive waves are followed by 3 corrective waves. Is the party over for Happiest Minds ? Let me know your views.
THE STOCK HAS COMPLETED ITS 4TH LEG and now its time for the 5th leg with the target of 180++ buying level 133-135 place sl below the structure
here as we can see after the motive waves 12345 , we are into abc correction out of abc , wave a has been identified , and now wave a shall be retraced by wave b , keeping it very minimal to 50% retracements .. also the price action suggests that 350 levels are a short term rejection levels as well .. I am bullish on raymond on a yearly perspective and have...
Falling wedge formation. Standing at 0.5 Might fall back to 0.618 to fuel up completely for the breakout!
CURRENT STRUCTURE:ABC ZIGZAG OR NEW IMPULSE CURRENT LEG:WAVE 3 OR WAVE C ACTION:GET LONG @ CMP 790,SL:770,TGT:875-898. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an...
Here I discussed current waves and its possibilities. It is very clear that the correction from Feb'21 was completed as triple-zigzags correction and new impulse wave started. Mar'20 low to now: 2008 low to now:
An impulse has already begun. Any-time there will be strong up-trend unless it is ending diagonal.
Uptrend intact Triangle formation; Breakout at verge Prolongation of trend expected beyond 370.
Wave 4 (the impulse started from Mar'20 low) was completed as triple-zigzags correction and wave 5 is in progress. Now wave (iii) of 5 starts. Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
FX:EURUSD Price Should Move up without braking of Invalidation Level in form of 1,2,3,4,5 waves in blue degree. As you can see wave ((i)) has been finish and currently we are in correction of wave ((ii)) As long as price is above invalidation level you will see further rise in the price in form of wave ((iii)).
After the five wave rise stock has given a 3waves corrective move in the form of wxy. Considering this correction as a wave 2 completion on larger degree, one should go long on current levels keeping SL of 170 & target for higher in 5 wave impulsive rally. the immediate target should be 220/240
Look for a strong upmove the next couple of days as Copper heads out of its sideways triangle pattern. At present the triangle seems complete and the next wave upwards is in its early stages.
Nifty completes ABC and retraced 78.6% back to the gap support at 14421. All good to resume the uptrend unless we get a 5 wave decline. 3 wave declines are counter-trend and that means that the larger trend is up