KRBL - turning out to be a jackpot!
Watch out:
1. If this correction is Zig Zag then wave B retracement must be less than 61.8 % of wave A
2. If this correction is FLAT then wave B retracement must be greater than 61.8 % of wave A. As we know we have 3 variants of FLATS and each one construction is different. So I think 50 % - 61.8% retracement is risky zone.
Please note that - No pattern is 100 % accurate, No candlestick is 100% accurate, No Indicator is 100% accurate. Market is extremely dynamic. It moves in own spirit. No one can predict it, its just a wild guess everyone is making and all analysis are debatable! This idea is just for education purpose and representation of my own understanding. I love to see what other people think about this and create a healthy conversation. I strictly do not recommend anyone to take any action based on my analysis as I may be right or wrong so use your own knowledge, wisdom and analysis.
1. If this correction is Zig Zag then wave B retracement must be less than 61.8 % of wave A
2. If this correction is FLAT then wave B retracement must be greater than 61.8 % of wave A. As we know we have 3 variants of FLATS and each one construction is different. So I think 50 % - 61.8% retracement is risky zone.
Please note that - No pattern is 100 % accurate, No candlestick is 100% accurate, No Indicator is 100% accurate. Market is extremely dynamic. It moves in own spirit. No one can predict it, its just a wild guess everyone is making and all analysis are debatable! This idea is just for education purpose and representation of my own understanding. I love to see what other people think about this and create a healthy conversation. I strictly do not recommend anyone to take any action based on my analysis as I may be right or wrong so use your own knowledge, wisdom and analysis.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.