This looks like a perfect example for a count that might actually play out on the hyperwave structure. As you can see this movement down from ATH looks more like a WXY (3-3-5) , with an ending diagonal indicating an end approaching to this downplay. My target for Z of this larger Y is below that gap near INR 300-330 range which yet to be filled. It'll be ineteresting to see if it gives an impulse after that or its an extension of this correction phase. My upside targets for this 3rd hyperwave are between 1.414- 1.618 Fib extension levels of hyperwave 1.
Any other possible turn out of envent would require this equity chart to be recounted.
This is not a financial advice and just how look at it . People might have their own opinions and it good to have them but trade on them only when you have some confirmation to it .
Thank you
Any other possible turn out of envent would require this equity chart to be recounted.
This is not a financial advice and just how look at it . People might have their own opinions and it good to have them but trade on them only when you have some confirmation to it .
Thank you
Comment:
My long term targets for the potential 3rd wave , IF it plays out.
My long term targets for the potential 3rd wave , IF it plays out.
Comment:
longer duration sideways movement before any possible movement up is always possible.
Comment:
Ending diagonal ABCDE* ,not WXYXZ. My mistake as a newbie
Hidden bearish divergence after the reaction to the bullish divergence which makes my case for a Z of larger Y down stronger. catching a falling knife could be dangerous so it might be safe to wait to see how it plays with that pink line drawn for the hidden divergence.