Seems LT is in fresh cycle of Elliott wave impulsive wave on smaller timeframe. I have not seen on bigger timeframe which actually run the flow but looking at smaller cycle seems LT must march towards LTH in the waves I have drawn.
Currently at the time of posting it is just starting the new Elliot wave cycle.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.
** The waves must be seen on 1/2 minute chart which I can use to publish - minimum 15 min chart is allowed.
Currently at the time of posting it is just starting the new Elliot wave cycle.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.
** The waves must be seen on 1/2 minute chart which I can use to publish - minimum 15 min chart is allowed.
הערה
** please note Stop loss is 3505 (recent swing low) below which the theory will become invalidהערה
Wow almost 60 points of move - LT moved as per my predictions, can't show the waves on smaller time frame also can't predict the exact time of formation of the wave so as the time goes on you might not see the script moving exactly as per the waves drawn but the waves must get formed over the time.הערה
Probably drawing waves on 15 min was not a good idea and hence I end of making too many inner waves though we are finally at the last wave 3 drawn, so with a swing and followed by a swing low we must next touch the LTH of this stock.
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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.