Hi, friends
Today we saw negative gap down opening and market recover very positively after a one deep.
But at the end of the day Nifty index gave negative close.
After impulsive move , we can see running flat type of corrective pattern that follows the 3-3-5 wave structure. It's similar to an expanded flat, where Wave B extends beyond the start of Wave A, but unlike the expanded flat, Wave C fails to reach the end of Wave A. This means the price retraces beyond the 100% level of Wave A in Wave B, but the subsequent Wave C doesn't complete the correction by exceeding Wave A's end point.
here i am assuming wave c is over . here i marked bottom of wave A, if low of wave A breaks then the running flat pattern will be invalided.
Today we saw negative gap down opening and market recover very positively after a one deep.
But at the end of the day Nifty index gave negative close.
After impulsive move , we can see running flat type of corrective pattern that follows the 3-3-5 wave structure. It's similar to an expanded flat, where Wave B extends beyond the start of Wave A, but unlike the expanded flat, Wave C fails to reach the end of Wave A. This means the price retraces beyond the 100% level of Wave A in Wave B, but the subsequent Wave C doesn't complete the correction by exceeding Wave A's end point.
here i am assuming wave c is over . here i marked bottom of wave A, if low of wave A breaks then the running flat pattern will be invalided.
Dagangan aktif
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.