Elliott Wave Analysis:-
A up wave was completed and a correction was over.
If it continues the upside move then an impulse was already in formation.
But if it is a correction was then it will be a connecting wave and the correction will become a correction continuation wave.
my view is one impulse was over in this time frame next to w) wave . if it may go up without breaking down of W) wave then it will form a 5th wave.
another view:-
If the correction wave breaks the top of 2nd wave then entire correction will be correction wave and impulse marking will get failed. wait and watch the wave formation.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
A up wave was completed and a correction was over.
If it continues the upside move then an impulse was already in formation.
But if it is a correction was then it will be a connecting wave and the correction will become a correction continuation wave.
my view is one impulse was over in this time frame next to w) wave . if it may go up without breaking down of W) wave then it will form a 5th wave.
another view:-
If the correction wave breaks the top of 2nd wave then entire correction will be correction wave and impulse marking will get failed. wait and watch the wave formation.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
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.
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.