If we consider the last up move to be 1 then we are in an impulsive move upward.
We have completed 1 and going for 2 out of which it looks a has been completed and will go for b upward.
Then a sharp reversal towards 17050 which is at 61.8% level of wave 1.
***Note: wave 2 can retrace up to 99% of wave 1 and below 100% the recount will take place.
This analysis will be invalidated below 16782 level which is recent lowest low.
This is not a buy sell recommendation.
For update on my chart see the status.
Regards
We have completed 1 and going for 2 out of which it looks a has been completed and will go for b upward.
Then a sharp reversal towards 17050 which is at 61.8% level of wave 1.
***Note: wave 2 can retrace up to 99% of wave 1 and below 100% the recount will take place.
This analysis will be invalidated below 16782 level which is recent lowest low.
This is not a buy sell recommendation.
For update on my chart see the status.
Regards
Nota
SEEMS diagonal will invalidate today...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.