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EURUSD - Impulsive Start from 0.9538 Lows Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Short-term, it's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023.
Short
by WaveTalks
3
ZEE Ent's Rise: Listening to Dalal Street's Market WhispersDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Fundamentals: Institutional Trust: A significant holding by Domestic Institutional Investors (DIIs) compared to Foreign Institutional Investors (FIIs) indicates strong domestic confidence. This is backed by interest from major fund houses like ICICI Prudential, Nippon India, and HDFC Mutual. Potential: The DII trust and backing from prominent fund houses suggest potential for positive surprises in the stock market. In a market where news plays hide and seek, the strong interest from these institutions could be seen as the market whispering its confidence in ZEE's potential. It's as if "Wavetalks - Market whispers, can you hear them?" becomes a reality. Technical Analysis: Historical Performance: Since January 2018, the stock fell from highs of 619 to lows of 114 in March 2020, a drop of about 81.5%. This was during the early phase of COVID-19, indicating that market prices often anticipate events & discount them. After all, Price is God. Recovery and Fluctuations: Post-March 2020, the stock recovered to 378 by December 2022 but again fell to 165-170 in June 2023. The last six months of 2023 saw another rally to around 299/300. Current Trend and Outlook: The stock crossing the 300 mark is a key trigger, potentially leading to retesting of the December 2022 highs (378) and possibly extending towards 400-425. Sony Group Corp. Board Meeting: The upcoming decision on the $10-billion merger with Punit Goenka-led media conglomerate is a critical factor. Positive news could further boost the stock. Wave Analysis: Probability: There's a 75% chance, according to wave analysis, that the stock will make new highs above 300 in the coming months. Key Levels: Traders should watch for psychological levels like 250 and 300 for trading opportunities. Conclusion: Wait and Watch: The outcome of the Sony Corp board meeting is crucial. It's important to monitor the stock closely for any upward movements. Trading Strategy: Considering the stock's volatility and potential, traders should be alert to key price levels and news updates for timely decisions. From WaveTalks Market whispers!
NSE:ZEELLong
by WaveTalks
22
Symphony'sTrajectory: A Cautionary Tale in the AC and Ref SectorDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Symphony, a notable player in the AC and Refrigeration industry, has experienced a turbulent journey in the stock market. After reaching its peak in January 2018 at a high of 2209, the stock has been under pressure. This peak was a significant rise from its low of 86.80 in June 2012, showcasing an impulsive growth. However, the past six years have been challenging, with the stock mostly moving sideways and currently hovering above the 800 mark. Recent Performance: Since reaching its peak in January 2018 at 2209, Symphony has struggled. For the last three years, the stock has been mostly flat, staying above 700-800 price zone. Risk of Decline: There's a risk if the stock drops below 700-800 price zone. This could start a downward trend. It's important to watch this zone. Short-Term Outlook: If Symphony stays above 800, it might reach 1050-1100. But this is still within a larger downward trend. Comparison with Peers: Comparing Symphony with Voltas and Whirlpool, Symphony seems weaker. Voltas looks like a better choice in the AC and Refrigerator sector. Investors should watch these levels in Symphony closely. Falling below 800 is a bad sign, while breaking above 1530-1590 could mean growth. Voltas Stock Analysis Whirlpool Stock Analysis From WaveTalks Market Whispers!
NSE:SYMPHONY
by WaveTalks
1
Voltas vs Whirlpool: A Stock Comparison Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Voltas' Technical Strength: Voltas rebounded from its 52-week low at 737, which was close to its previous resistance level at 741. This is a classic example of "polarity reversal" where resistance becomes support & vice versa. This rebound to 1024 suggests strong momentum, increasing the likelihood of Voltas reaching new highs, potentially surpassing its all-time high of 1356.90. Fundamental Comparison with Whirlpool: The fact that Domestic Institutional Investors (DIIs) hold more in Voltas than Whirlpool is significant. It shows more confidence from these large investors in Voltas. This could be due to various factors like company performance, market positioning, or financial health. Whirlpool's Technical Weakness: Whirlpool as being in a "head and shoulders" pattern, which is often seen as a bearish (negative) indicator in technical analysis. This suggests that Whirlpool might not perform as well as Voltas in the near future. The last Idea on Whirlpool Outlook: Considering these points, Voltas shows a stronger technical and fundamental position compared to Whirlpool. The support level at 737 appears to be a strong base for Voltas, indicating it might be a more favorable choice for investment. However, the stock market is unpredictable, and external factors can influence performance. It's important to keep an eye on market trends and company news. Conclusion: Voltas seems to have a better outlook than Whirlpool, both technically and fundamentally. However, remember to consider the inherent risks and uncertainties in the stock market.
NSE:VOLTASLong
by WaveTalks
2
IREDA : Wave 3 - Up, Up & Away at 148.80 from 116Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Recent Performance: Since the last analysis on 17th Jan 2024, IREDA's stock has shown significant volatility and resilience amidst broader market turmoil. Following a gap down opening at 114.30, the stock quickly rallied to 125.60 (17th Jan 2024), outperforming the market even as the BankNifty experienced a major fall of 2000 points approx. due to geopolitical tensions. Key Developments: Response to Buying Zones: The stock opened near the suggested buying zone of 110-112.50 on both 17th and 18th Jan 2024, offering two distinct buying opportunities. The first was met with a rapid increase to 125.60 from opening price of 114.30 on 17th Jan 2024, while the second saw a sharp fall towards 116 giving second buying opportunity on 18th Jan 2024, validating our analysis. Exceptional Market Dynamics: Despite broader market panic due to geopolitical tensions, IREDA followed its bullish trajectory, distinct from general market trends. This resilience reflects strong investor confidence in the stock. Elliott Wave Analysis Confirmation: The stock's movement aligns with Elliott Wave principles, exhibiting characteristic wave patterns. Notably, IREDA's stock demonstrated breakaway and runaway gaps, indicative of strong bullish momentum. Remarkable Gains: Over two special trading days, the stock showed approximately 10% gains each day, culminating in a close at 148.85. This movement is just shy of the 155 target, a significant milestone based on Elliott Wave analysis. Wave 3 in a specific wave degree travels 162% usually & can be extended 262% & 423% depending on the waves unfolding Expected on 19th Jan 2024 Next Steps and Outlook: Potential for Exhaustion Gap: Given the recent rapid gains, the market might witness an exhaustion gap, indicating a potential pause or correction in IREDA's bullish run. Unless we get market signs, stock has potential to fulfil 155, 175 & 190 as discussed in the debut idea last published. IREDA - The Last Idea Conclusion: IREDA continues to demonstrate strong growth and resilience, defying broader market trends. Investors should closely monitor for signs of an exhaustion gap or continuation of the bullish trend. Happy Sunday From WaveTalks Market Whispers - Can you hear them?
NSE:IREDALong
by WaveTalks
3
BankNifty - The Last Leg in Bearish Bat 45600 to 47000 Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? As discussed in the last idea today - 19th jan 2024 during last hour of trading. Index holded 45550-45600 zone rallied upside towards 45700+ We suggested to have patience & buy close to 45600 Strict Stops below 45550 Happy Saturday Trading !!!
NSE:BANKNIFTYLong
by WaveTalks
6
Bank Nifty - Head & Shoulder Target = Historical Resistance Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? The last H&S pattern unfolded as expected. Analysts measure it by the vertical distance from the head's top to the neckline (shown in red vertical line) This measurement is then projected downwards from the neckline break ( shown as orange line) The resulting target aligned with historical resistance at 46250-46375, as updated on the last idea making of the right shoulder Day Low - 46212.95 ( 2:05 pm / 17th Jan 2024) Regarding the concept of historical resistance and support changing roles: The historical resistance at 46250-46375 might now act as support for the index. If this happens, it could provide some relief to bulls. However, whether this will occur can only be confirmed over time. This method is a one of the traditional way of setting targets in technical analysis. Have a great day!
NSE:BANKNIFTYLong
by WaveTalks
2
BankNifty -400 Points Up: Making the Right Shoulder in the IndexDisclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? Today's Focus: Plan B's Mastery & The Emerging Pattern Good day, traders! As we discussed in our early 6 AM update - in the last idea of bank nifty ( Bullish Harmonic Pattern) the index followed Plan B to the letter, soaring over 400 points. A round of applause for everyone who joined in on this strategy! What's Next? We're now eyeing a fascinating development - the potential formation of a Head & Shoulder pattern . If our analysis holds true, we're on the cusp of forming the Right Shoulder. This becomes more evident if the index retraces back towards the 47,480's, all while maintaining below the 48,350-48,450 resistance zone. We might just be the architects of this Right Shoulder! Let's stay sharp and watch as the market unfolds this pattern. Stay tuned for more insights and remember, every move counts!
NSE:BANKNIFTYShort
by WaveTalks
17
IREDA vs. IRCTC: Tracking Parallel Stock Successes Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? Analysis Overview: IREDA's performance in the stock market is drawing attention, much like IRCTC did in 2019. Trading at 119.50, a significant rise from its listing at 50, IREDA is experiencing strong and impulsive market waves. This suggests a big growth potential, aiming for targets of 155, 175, and 190. Key Points of Analysis: 1. Remarkable Growth Since Listing: IREDA's stock value has more than doubled since its listing, showing strong investor confidence and favorable market trends. 2. Potential for More Growth: The trend suggests IREDA is in a bullish phase. Its steady rise indicates an impulsive wave pattern, often leading to quick price increases. 3. Projected Targets with Support Levels: The targets for IREDA's stock are 155, 175, and 190, assuming it stays above the support levels of 107.50 (minor) and the important 100 level (critical support). These targets are based on the stock's current momentum and market optimism. 4. Buying Triggers - Buy This Stock above 127.50 post breakout or Buying close to 110-112.50 zone which retraces the latest impulsive (103 to 127.40 at minor degree) by 61.8% 5. Current Wave Analysis: The stock is currently in its 5th wave of growth within first impulsive wave sequence from the listing price of 50, which is still unfolding. 6. Comparison with IRCTC: Though they operate in different sectors, IREDA's growth mirrors IRCTC's early success in the stock market. Both being public sector companies, they've attracted significant investor interest. The Last Idea on IRCTC – Stellar Debut -The Next Station Please? 7. Investor Sentiment and Industry Prospects: The positive market reaction to IREDA is partly due to its involvement in the renewable energy sector. With growing global focus on sustainability, IREDA is at the forefront of an expanding industry, increasing its attractiveness to investors. Concluding Thoughts: IREDA's stock, with its strong growth and potential for further rise, is a key player in the market. Investors and analysts should watch its progress, as IREDA might replicate or even exceed IRCTC's success. The unfolding 5th wave in its stock pattern and the ambitious targets further emphasize this potential. WaveTalks - Market Whispers: Can you hear them?
NSE:IREDALong
by WaveTalks
3
BankNifty - Geometry in Motion: Unfolding of the Right ShoulderDisclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? Market Commentary Following the update from 4th January 2024, the market has witnessed an extraordinary sequence, perfectly aligning with the anticipated Head & Shoulder pattern. The index precisely hit the resistance zone between 48,350 and 48,450, peaking at 48,381.95, before experiencing a significant drop to 47,010.80, a fall of approximately 1371 points. This movement confirmed the formation of the Right Shoulder in the pattern. Last Idea - 4th January 2024 Alternate Interior Angles As we delve into the geometrical aspects of market analysis, let's remember: Alternate Interior Angles on opposite sides of a transversal line are always equal. This mathematical principle is a reminder of the upcoming board exams in February-March 2024. Best of luck to all the students who will be appearing for their exams. Mathematics has always been fascinating, and its principles are even applicable in market analysis. In the context of Elliott Wave Analysis, the market's movements have been akin to a well-orchestrated dance. 10th January 2024 We observed a remarkable bounce from 47,010.80 to 47,662.10, marked as "O A" on the chart at a 72-degree angle. This bounce mirrored our predictions. 11th January 2024 The index witnessed a sharp decline during the end of the day session, reaching lows of 47,237 but staying above the critical zone of 47,150-47,200. Post this dip, the index rebounded, hitting all the projected upper targets on 12th January: 1. 47,550 2. 47,700 3. 47,850 12th January 2024 Magic of Neckline Extension. The extended rising neckline shown in orange colour dotted line acted as resistance, with the index halting just below it at 47,873, leading to a sharp decline to an intraday low of 47,600 (precisely 47,602), before surging upwards again towards end of the session. What's Next? Looking forward, if the index remains below the rising neckline of 47,873 and breaks below the minor support zone of 47,600-47,575, we might see a continuation of the downward trajectory. The following targets are in view: 1. Target 2: 47,400 2. Target 3: 47,235 3. Target 4: 46,900-47,000 4. Target 5: More speculative, but if the index falls below 46,800 and sustains it, a drop to the 46,450-46,550 zone is possible. 5. The 46,800-46,900 range is a critical phase to observe and possibly stay on the sidelines. As we embrace the festive spirit of Makar Sankranti and bid farewell to winter, I extend my warmest wishes for the festival. Keep an ear out for the whispers of the market and stay tuned for further updates. WaveTalks Market Whispers: Can you hear them?
NSE:BANKNIFTYShort
by WaveTalks
13
Bank Nifty Outlook- Harmonic, Historical & Impulsive 3rd Jan'24Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can You Hear Them? Pattern Insight: Bullish Bat Harmonic Pattern Measurements: - X at 47411 - A at recent highs of 48636 - B retraced 44.5% of XA leg (from 47411 to 48636) - C at 48450 Projected Zone for Point-D: Expected Range: 47550-47575 Key Reasons for the Outlook: 1. PRZ (Price Reversal Zone): The anticipated zone for Point-D of the Harmonic Pattern is between 47550 and 47575. 2.Historical Support-Resistance Play: The resistance level observed on 11th December 2023 could now serve as a support zone. 3. Market Dynamics Trivia: Hey folks, do you know what it's called when resistances transform into supports and vice versa? Question for the day, Traders! 4. Wave Analysis: The initial impulsive decline starting from the highs of 48636 could complete one of its wave degree in the 47550-47575 zone, marked in red as point-D. Conclusion: This analysis suggests a potential bullish reversal in the Bank Nifty Index around the 47550-47575 zone, based on : Bullish Bat Harmonic Pattern, Historical resistance zone which could act as support zone & Impulsive fall or drop from the highs of 48636, could complete one of its wave degree in that zone. Note - If 47550-47575 zone holds as support then a bounce may be expected upside to these levels next after opening fall tomorrow 3rd Jan 2024. 47875 / 47900 48100 Above 48100 - 48225 As always, remember that market conditions can change rapidly, and it's crucial to keep an eye on evolving patterns and indicators. Trade wisely and stay informed! From WaveTalks
NSE:BANKNIFTY
by WaveTalks
10
Auropharma : Riding the Wave: StockJumps from 397 to 1000 October 13, 2020: Identified a B-Wave shift in Auropharma (TradingView Idea Published as mentioned below), predicting a decline from highs of 1065 to lows of 397- was looking for Wave -C Downside. These are complex corrections so I changed them to X-wave (instead of B-Wave) January 30, 2023: Noted that Auropharma was close to completing an Ending Diagonal, which eventually ended the fall at the lows of 397. Ending Diagonal as per New School Analysis or Wedges as per Old School or Traditional Analysis are classical patterns which suggest that the structure is about to end & sooner or later opposite side move will start. This is the reason, why I picked this stock as portfolio stock for 1000+ as the ending diagonal started from the highs of 1065 which was most likely to get retraced 100%. February 27, 2023: Published an idea on TradingView suggesting Auropharma was preparing for a rise to 1000 as stock made a low of 397 & started rising. A classical example of V-Shaped Recovery on Monthly Chart using wave analysis. November 18, 2023 (Today): Auropharma achieved the target, touching over 1000+, just a few points shy of the previous high of 1065. This journey of Auropharma's stock is a real-world example of wave analysis in action and will be featured...story continues Regards, WaveTalks
NSE:AUROPHARMA
by WaveTalks
4
Bank Nifty Outlook: The Classic Wedge Pattern Close to 44050Bank Nifty Trading Outlook: The Classic Wedge Pattern Close to 44050 Pattern Unfolding: Classic Wedge Formation (As discussed recently ) 📐 Support Zone: 43540-43550 🛡️ Immediate Resistance Zone: 44000-44050 🚫 Bullish Signal: Index move above 43700 📈 Target Zones: - Short-term bullish view above 43700: 43850-43950 (with a possible 50 points extension) 🎯 - If selling below 44050: First target 43550, followed by 43275 ⬇️ - Break below 43275: Next levels 42900-42950, then 42600 🎯 - Under 42500: Potential test of the 42105 low from Oct 26th 📉 Previous Successful Call: Selling at the peak of 46310 on Sep 15th with a similar wedge pattern 🔄 At WaveTalks -We decode the market's whispers into actionable insights. Happy Trading, WaveTalks
NSE:BANKNIFTY
by WaveTalks
3
BankNifty-Selling The Tops with Wedge: The Precise Peak 44650Hello All, Our tiny heroes reached a majestic peak at 44669 as per last idea published yesterday, just as we imagined in our dreams! This peak was not just a high point, it was a place where they could see the entire playground sprawling below. But as we all know, after reaching the top, there's a thrilling slide waiting! Our numbers decided to swoosh down, and guess where they are heading? Yes, you got it right, towards the fun zone of 44300, our lower band of support we chatted about yesterday! (Precise top at 44669 - What a sight to behold!) The Rising Wedge close to 44650’s the Rising Wedge! WaveTalks spotted - this intriguing pattern early on through last idea. It’s like a see-saw that's tilting ever so slightly, warning our number friends to be ready for a possible change in the direction of their play. And guess what? Our assumption came true! The numbers took a fabulous turn, bringing a rush of exhilaration to our adventure! (A fabulous start with a cautious note from the rising wedge) Intraday Targets 44400 44300 44150 Best Wishes from WaveTalks Remember, at WaveTalks, we're always listening to the whispers of the waves, sharing the secrets of the numbers' adventurous journeys. We ask, "Can you hear it?" The Last Idea based on 109 Session Moving Average Disclaimer: Trading in financial markets comes with its risks, and one might encounter dips and turns that could result in loss. Always consult with your financial advisor before making decisions in this adventurous playground. WaveTalks encourages a responsible and informed approach to the financial adventure.
NSE:BANKNIFTYShort
by WaveTalks
31
BankNifty-The Magical Playground of WaveTalks: 109 SessionHey little explorers! Gather around because it's time to continue our fun adventure story with WaveTalks. You remember our big playground where numbers play like kids, right? Let's see what exciting things are happening there now! Chapter 1: The Big Bounce Do you remember the magical bounce we saw on July 30th? The numbers played on the swings, going up and down. They climbed so high, almost reaching the sky, but then they swooshed down really fast, just like going down a giant slide! - bounce of 200 points & reaching the 1st target at 45790’s - actual high was 45782 - Wow!!! - What a fall, Resistance of 109 session moving average. Later Fall of 2000+ points close to our target of 43345 - Actual low was approx 43600 Chapter 2: Trampoline Fun In August, our numbers found a magical trampoline where they bounced happily, going "boing, boing, boing" between two special numbers: 43940 and 44000. It was so much fun watching them bounce up and down! ( Taking support of 109 session moving average - What A mysterious X-wave bounce for 500+ points) Chapter 3: X-Wave's Secret As we moved to the end of August, we met a friendly wave called X-Wave. It whispered a secret to us: "If the numbers stay above a special spot, they can jump up even higher!" And guess what? On the first day of September, the numbers did just that, they jumped up like they were on a bouncy castle, making everyone cheer with joy! ( finally bouncing above 43900-44000- same old zone support of mysterious X-wave & 500+ points bounce repeated again) Chapter 4: The Magic of 109 session Moving Average Now, here's where the magic happens, friends! There's a magical number - 109. It's like a magic wand that helps us understand where the numbers might go next. Right now, the numbers are playing in a special area between 44300 and 44450, and guess what, it's been 109 session, since they started playing here! ( could act as support zone once again like how it provided support to Mysterious X-wave ) Intraday Moves If they continue to play nicely in this area, they might climb up a tall ladder to a new fun spot at 44650. And if they are really happy there, they might even climb a little higher to 44750, where they can see the whole playground from above! What Happens Next? Well, little adventurers, now we wait and watch. If the numbers play happily at 44750, they might go even higher, just like flying with balloons. But remember, sometimes they might also come down to try a new slide or swing. That's the fun part, we never really know, but we can always guess and have fun watching them play. Best Wishes from WaveTalks So, are you riding these waves with us? At WaveTalks, we say, "Can you hear it?" Disclaimer: Trading in Financial markets is risky, and one could lose part or all of their invested capital. Always trade based on the advice of your financial consultant.
NSE:BANKNIFTYLong
by WaveTalks
2
BankNifty: The Journey Continues Post Mysterious X-Wave (Buy) Having journeyed with us through the enigma that was the Mysterious X-Wave, you'd be keen to know, "What's next on the horizon for BankNifty?" Having witnessed the roller-coaster oscillations between 43940 and 44779, and having dived deep into the "Magic of Centre Line Reversal," here we present the way forward. Reassessing the Ground As you've seen, the significance of the 44000 mark can't be stressed enough. It stands as not only a psychological barrier but also a critical structural support. At the time of penning this update, BankNifty is maintaining its grace above this level at 44065, showcasing its resilience amidst market volatilities. The Immediate Roadmap The zone between 43900 - 44000 is paramount. A strong foothold here can act as the springboard for the index. ( Avoid Trades Below 43900 ) 1. Initial Target: If the index continues its momentum and remains adamantly above 44000, our immediate upside target stands at 44178. A decisive push past this can pave the way for higher peaks. 2. The Big Play: Should BankNifty rise and hold firm between 44180 - 44200, this would be the cue for bullish sentiment. In such a scenario, we are looking at an optimistic run towards 44400 and potentially even further. To Sum It Up The next phase of this thrilling journey hinges on these crucial levels. As always, it's imperative to have a tactical approach. Ensure your strategy is tight, stops are in place, and you're ready to pivot based on the index's behavior. Remember These levels and strategies are a mere guideline. The dynamic nature of financial markets can sometimes be unpredictable. Always ensure to consult with your financial advisor and make informed decisions. Disclaimer Trading in Financial markets is speculative and involves substantial risks, including the risk of loss. Always trade based on the insights and advice from trusted professionals. Stay Tuned, Ride the Waves, and as always, Listen Closely. Can you hear it? Warm Regards, WaveTalks
NSE:BANKNIFTYLong
by WaveTalks
6