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Rsidivergence

Corrective Wave Pattern- PHILIPCARBHope the above chart helped you in understanding about how the Elliott Corrective Wave Theory works! So we have the example of PCBL here which was in a correction, forming the Elliott five waves and now is under accumulation phase. It has already broken the trendline and is now expected to break the consolidation phase and then complete our wave theory according to which the downtrend ( correction phase) is now over and now it is ready to start a new uptrend. During accumulation we can notice good volumes getting in and we can therefore expect 20% move in the near future. Feel free to give your views on my analysis. DYOR as well 👍 Happy Trading1
PLong
by UnknownUnicorn21160479
19
Hero moto case studyHERO MOTO SPOT CMP 2675 HARMONIC STUDY TIME FRAME :- HOURLY Bullish Bat pattern formation on hourly time frame. PRZ in range 2670-2640 Reversal confirmation above 2730 pattern violation below 2600 levels Upside retracement levels of 2780-2815 possible Triple bullish divergence on RSI where price made lower low 3 time and RSI made higher lows RSI have given breakout and retest of falling trend line and now on verge to break above previous high levels, indicate bullish price action ahead. Descending triangle pattern formation , having breakout confirmation above 2690 levels ,, which would lead to measured move of 90 points ,, Trade type :- Swing -Time horizon :- 7-10 trading sessions Good long candidate.
NSE:HEROMOTOCOLong
by RUDRA007