Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor before taking any investment decision Smaller ABC correction after an Impulse has ended near 61.8%. It can play out the below two scenarios 1. Major Wave 2 of New Impulse has ended - In this scenario it could be a good investment level with an upside target of at...
Ending Diagonal LTTS - Might give 9-10% Bounce from current Levels
Natural Gas has just finished its major bear correction ( ABC) after a major bull cycle (12345) as depicted on the chart. Most of the Fibonacci projection & retracement are holding true as per the rules (will publish it separately as a learning material). Also, after the ABC correction, there is sharp rise in the price. How do we plan an entry now? The price...
Wave 4 of an impulse was recently finished by IOC. It's probable that we're in the minor 5th wave and major wave 3 right now. Additionally, it displays a high-volume gap that corresponds to wave 3's personality. How should our trading strategy be planned? Adding 50% of positions at the present level and the remaining 50% at the next dip or when the next bullish...
An impulse is currently developing with distinct waves labeled as 1, 2 and 3. Should the nifty index decline in a clear ABC pattern towards the highlighted grey zone on the chart, and if we observe bullish candlestick formations such as the morning star or bullish engulfing, it may be a suitable opportunity to enter a long trade and hold it until the price reaches...