The analysis base on Elliott Wave Theory in weekly and daily time frame.
Elliott wave has three parts :
a) Impulse wave (Point 0-1, 2-3, 4-5), which net travels in the same direction (higher high) as the larger trend, always shows five waves in its pattern.
b) Corrective wave (Point 1-2, 3-4), on the other hand, net travels in the opposite direction (higher low) of the main trend.
c) Followed by three waves in a correction (A,B,C) - Lower High and Lower Low.
The Elliot waves combined with fib retrenchment give a broader idea to identify trend and reversal.
Disclaimer : Consult financial advisor before trading.
Thanks
Elliott wave has three parts :
a) Impulse wave (Point 0-1, 2-3, 4-5), which net travels in the same direction (higher high) as the larger trend, always shows five waves in its pattern.
b) Corrective wave (Point 1-2, 3-4), on the other hand, net travels in the opposite direction (higher low) of the main trend.
c) Followed by three waves in a correction (A,B,C) - Lower High and Lower Low.
The Elliot waves combined with fib retrenchment give a broader idea to identify trend and reversal.
Disclaimer : Consult financial advisor before trading.
Thanks
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.