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Forecasting corrective waves:-
Depth of Corrective Waves:-
No market approach other than the Elliott Wave Principle gives as satisfactory an answer to the question "How far down can a bear market be expected to go?"
A primary guideline of Elliott Wave Principle is that corrections tend to register their maximum retracement within
the span of travel of the ...
It is been observed on the 15 minutes chart that the price action forming cup and handle pattern, indicating a bullish move ahead.
Target 1: 632
Target 2: 638
It is been observed on Daily chart that the price action is forming a harmonic ratio pattern called Bullish Shark Pattern. Now, I have shown two scenarios of the same chart where we can see retracement as per the chart measurments and pattern.
Retracement 1 (88.6%) - can been seen near 640 levels and Retracement 2 (1.13%) can be seen at 615 levels.
It is for ...
after a down move from 750 to 640 stock is now in side ways forming bearish flag which might push the stock towards 600/575
gapdown and continous selling shows price can come to 650 level, short with 676strict sl
Monthly 3-5 bar Divergence Entry Triggered
DAILy 60 RES