impulsewave

Bullish Cypher - Infosys CMP 743.40 | PRZ 738-740 | SL 733 | T1 746 | T2 751 Chart by @avyaktha on 11-04-2019 Follow us on Telegram for more updates by searching @Harmonics.

Prepare for NU BUY As described before price was retracing and now it has came around 61.8% of the original impulse, So now we'll have to prepare for the BUY. I'll looking for BUY entries around 0.6760 price level, apparently which will also complete the 5 wave structure. Good Luck

Elliott Wave Counts!!

Sell at the market. SL would be just above the swing high of the Pattern. TP would be 0.618 of 0-5 move

The daily chart of USD/CAD has formed harmonic shark pattern AB=CD. The daily chart has also formed a long engulfing candle. Also in 4-hour chart a double top pattern has been formed. So we can expect some profit booking in the counter and a long retracement could be possible.

EW analysis shows it is in wave in longer time frame. Currently sub wave 5 of sub wave (3) of wave is going on here. probable target for sub wave 5 comes around 140-150 levels. long term tgts derived from fib projections are here,

Long if it goes above 225-230's for given targets around 1.618 -2.618 of wave 1. My Elliot is not very strong yet so please correct me if I'm wrong in the wave count. Thanks.