Described in the chart
Its bad for traders but a hold for investors.
All described in the chart
All described in the chart
All Described in the chart
Take a note of alteration in wave 2(flat) and wave 4 (zz) .
I am working on an ABC move with wave B as a triangle as the most probable count . As per this count we are in a wave 4 of C . The current wave 4 should hold the channel it is correcting and then go for the final wave 5 for 10600 app . to end the ABC ziz zag . It wave 4 does not hold the channel and breaks it convincingly then and impulsive count comes into play...
Described in the chart
Explained in the chart
Explained in the chart
HDFC Bank is rife for a correction in a wave iv . Will it be a flat or a triangle . I vouch for a triangle
United Brew is in a multi month post triangle thrust . It has just completed one impulse out of the multi month triangle . Now it is correcting that wave 1 . The red channel should be broken and prices should turn around from the previous wave 4 of one lesser degree around 905 and then go up in a massive wave 3 up which should be breath taking .
Described in the chart .
Some description given in the chart. I call it the Elliott Trend Channel Cross.
Middle line is giving resistance . We nay still be in a wave ((4))
This is just an example . Like many Midcaps this midcap ran a wave 3 from Rs 5(2013) to Rs 409 (2018) . Now it is correcting in a wave iv which should end at Rs 84 , when wave iv breaks the channel of wave iii and ends at a previous wave iv of one lesser degree . Now consider this . If the Elliott Channel is held then the labeling changes . It will augur an...