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Truncation

ITC: Target : Head and ShoulderWhat’s next? 1. 192 is support and point of control level 2. Head shoulder pattern gives a target of 160-165 which is next support after 192. 3. Wave truncation, wave 4 has reached to Wave 1 trajectory. 4. Break out of ascending diagonal channel 5. Volume dries up 6. Final qtr results on the way. **** short it below 190*****
NSE:ITCShort
by OK_Rane
5th Wave Failed(Why) in Elliott Wave - Truncation(What)!Truncation learning - shortening something That why Elliot used the word failure shorter 5-wave compare to 3rd Wave, forever it does not move beyond or higher the end of the third. We prefer the less connotative term truncation or truncation fifth wave as illustrated in the chart. Reason of Truncating in 5th Wave: In the bull market, weakness in price & Strength in price for Bearish market
COINBASE:BTCUSDEducation
by Trade-Technique
44

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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