One of the strengths of Elliott Wave is that it encourages thinking in multiple scenarios rather than forcing a single market narrative.
The current structure in SBI Cards can be interpreted in two ways:
The ongoing advance may represent Wave (iv) within a larger impulsive decline.
Alternatively, the entire decline from the highs may be unfolding as an ABC correction, with the current 1–5 impulse forming Wave (C).
At this stage, both counts remain technically valid and indicate a downside movement. The market will eventually invalidate one of them through price action.
Instead of trying to predict which count is "correct," I prefer to identify the key structural levels where the market is likely to reveal its intention.
Elliott Wave is most valuable not when it provides certainty, but when it helps organize multiple possibilities into a structured decision-making framework.
Shared for educational and research purposes only. Not investment advice.
The current structure in SBI Cards can be interpreted in two ways:
The ongoing advance may represent Wave (iv) within a larger impulsive decline.
Alternatively, the entire decline from the highs may be unfolding as an ABC correction, with the current 1–5 impulse forming Wave (C).
At this stage, both counts remain technically valid and indicate a downside movement. The market will eventually invalidate one of them through price action.
Instead of trying to predict which count is "correct," I prefer to identify the key structural levels where the market is likely to reveal its intention.
Elliott Wave is most valuable not when it provides certainty, but when it helps organize multiple possibilities into a structured decision-making framework.
Shared for educational and research purposes only. Not investment advice.
Operación cerrada: precio stop alcanzado
Eventually, did not behave like Wave 4 :(
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.
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.