Maruti: Rising Flag, Dropping Probability
Structure
Wave Y Setup
Summary
The current rise is a corrective phase, not a trend reversal. The higher-probability outcome is a continuation lower into Wave Y unless the channel breaks to the upside.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
- The decline into Wave W is complete as a Regular Flat.
- The rebound is a corrective Wave X, fully overlapping and contained within a rising channel.
- Bias remains bearish as long as price trades inside this channel.
Wave Y Setup
- Trigger: Breakdown below the channel near 16000.
- Entry: Preferable after a break and retest of the lower channel line.
- Target: Toward 15,260 to complete Wave Y.
- Invalidation: A decisive close above 16,549 invalidates the bearish view.
Summary
The current rise is a corrective phase, not a trend reversal. The higher-probability outcome is a continuation lower into Wave Y unless the channel breaks to the upside.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Operación cerrada: precio stop alcanzado
WaveXplorer | Elliott Wave insights
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📊 X profile: @veerappa89
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.