The primary count suggests the larger Wave (iv) correction may be complete, with the next impulse developing higher. Within this move, blue Wave 1 appears to have formed as a Leading Diagonal, followed by Wave 2.
There is also an alternate orange ABC count, where the correction from the recent high is still unfolding. This would mean the current bounce may be part of Wave B, with Wave C still pending.
The next few sessions should help distinguish between the two structures.
#MPS #ElliottWave #TechnicalAnalysis #NSE #SwingTrading
There is also an alternate orange ABC count, where the correction from the recent high is still unfolding. This would mean the current bounce may be part of Wave B, with Wave C still pending.
The next few sessions should help distinguish between the two structures.
#MPS #ElliottWave #TechnicalAnalysis #NSE #SwingTrading
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.