Someone new to Wave-Counting might be a little confused. OR a lot confused.
Here's what I'm trying to explain: I have these 3 Correct Wave-Patterns (ABC) that are bullish.
You'll notice in the chart below that another higher price ABC.
An easily can recognize that impulsive sub-waves (1,2,3,4 and 5) of the higher degree of waves A and B.
At this time, Nifty is trying to complete ABC's corrective pattern of wave 4(of the higher degree of wave C). The price looking for a new high.
You can understand this by looking lower TimeFrame of the ABC pattern.
Another reason for the upcoming new high in nifty is that, the measurement of wave A=C.
The validation for this pattern requires more analysis.
Here's what I'm trying to explain: I have these 3 Correct Wave-Patterns (ABC) that are bullish.
You'll notice in the chart below that another higher price ABC.
An easily can recognize that impulsive sub-waves (1,2,3,4 and 5) of the higher degree of waves A and B.
At this time, Nifty is trying to complete ABC's corrective pattern of wave 4(of the higher degree of wave C). The price looking for a new high.
You can understand this by looking lower TimeFrame of the ABC pattern.
Another reason for the upcoming new high in nifty is that, the measurement of wave A=C.
The validation for this pattern requires more analysis.
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.