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Harmonicimpulsewaves

Commodities Needs a Healthy CorrectionNSE:CNXCOMMODITIES Bullish divergence with macd will power up the price, but before that the harmonic impulse play will cause a correction as being expected, 3 levels of bounce based on the fibonacci supports have been selected... the target for all is initially the outer line of the pitchfork And if beyond that then the resistance level In between there is the pivot, i expect some volatility in the pivot region Disclaimer..Not an investment/trading recommendation
NSE:CNXCOMMODITIESEducation
by capsule91
Quick gains off Nifty Infra Bullish cypher with bullish divergence, a sweet spot for a blast.. Also the D point is cushioned in ichimoku kumo clouds and presently at pivot.. The uptrend's resistance is expected to be at the outerline of the pitchfork and 0.618CD of the cypher pattern, which coincides.. But i expect there will be a bit of correction i the lines of 10 to 15 percent after this, as i think the failure of the bearish butterfly was due to the formation of a Extreme bullish Harmonic Impulse...(which have been marked in softer slate grey lines) Disclaimer..this is not an investing/trading recommendation
NSE:CNXINFRA
by capsule91