According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)).
Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal.
If the price breaks wave (X), the price will surely make a new high because it will give evidence of the impulsive move.
Price may take retracement as wave x works as a resistance which can be the best entry for bull traders.
We can see the following targets:
127.70
138.96
151.2
165.9+
Invalidation: breakout of the minor channel.
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thanks for your view!
Please share nifty
the perfect pattern, well done!
looking good for sure see what we get now
Good perspective🔥
That’s the way.
Noted, thank you!
Probably plays out as predicted
solid chart and neat write-up
Killing it!
Thanks mate it helps me alot. Cause I lose 50 lakh lately. I do a lot of research but yours is accurate