Sharing my count on a smaller time frame.
And the admin is correct 5 min chart does not give enough time to react.
Expecting a wave 5 on 15min chart as of now.
As a caution avoid trading Corrections on a smaller time frame.
Not sure if the counts are clearly visible ?.
Open for feed back
Expecting abc X abc OR
W x Y
As of now more than two waves of higher degree are incomplete .
(inner count in the most recent data is also incomplete )
Classic case of waves falling short hence expecting an X wave.
Feel free to share your thoughts.
Views posted on the chart.
1. Distance travelled by the price from "a" to "b" is the target i.e in this case 100.00 +
2. After the price breaks the upper trend line this target will come in force
3. High risk players would have entered at " e".
4. Expect price to consolidation at or around the upper trend line; Thanks to the high risk player,
who will be...
Correcting my view and count for TCS
Shake out of weak hands; healthy volatility witnessed,
Expecting a corrective dip before UP move as per 1hr chart.
Chart pattern interpretation is always a challenge : "to dispute especially as being unjust, invalid, or outmoded"
confirming wave e on chart...
SL for positions will be 190.00+/-1.00 needs to be monitored closely.
Banking sector is poised with enough arsenal for a surprise " rally" from here.
Caution cannot be throw out of the window.
Volatility is always a boon for day traders .
Go with the flow...
confirmation of "e" on the chart awaited
waiting for price confirmation.
How to classify this pattern?
"Continuation Or Correction "
1. Perfectly placed shrinking price action.
1.Angle of pattern is gradually rising?
Added minor wave counts
usually i avoid this habit to reduce noise.
10% Stake increase Approval received.
News based move
Stop-loss below trend line.
using dips & Spikes as trade opportunity.
following the channel.
-VE only below trend line
I've listed this investment strategy as Neutral
to keep emotions out
following Price moves only.
Keeping it simple as always
Positional trader can continue holding...
as per their logic .
Traders : we are watching price movements
on 1 hr chart better to go with the lower trend line
as reference and our safety.
## Interesting price moves visible around 190.00 ##