Sharp, quick, small green to start, deeper red in the end.
Markets quick, usually this space is building volumes and now stabilising. Many parts of this are parabolic moves.
One can question is this ABC of 4 or end of 5. We need to wait and see. We have labelled as truncated wave 5. This calls for one move below the 4, that is nothing but breaking the trendline.
Alternative scenarios always come in handy. When you hold them a. either you don't commit, b. even if you commit you quickly exit small gain or loss. c. capital is appropriately allocated and efficiently.
Fallen a lot is not a word one chooses during the fifth wave. Even if one considers ABC, we are in C same logic holds.
We cannot consider this as fourth wave as we hit the new high. Else it would have fallen. We also cannot label it as Flat (Regular as the correction is more than 100%). All in all, probability of end of wave 5. The larger ABC in motion, we are start of the A wave.
Suffice, 11050 caps for move below 10700 (short term some bounce around the MID BB is not ruled out.
Markets quick, usually this space is building volumes and now stabilising. Many parts of this are parabolic moves.
One can question is this ABC of 4 or end of 5. We need to wait and see. We have labelled as truncated wave 5. This calls for one move below the 4, that is nothing but breaking the trendline.
Alternative scenarios always come in handy. When you hold them a. either you don't commit, b. even if you commit you quickly exit small gain or loss. c. capital is appropriately allocated and efficiently.
Fallen a lot is not a word one chooses during the fifth wave. Even if one considers ABC, we are in C same logic holds.
We cannot consider this as fourth wave as we hit the new high. Else it would have fallen. We also cannot label it as Flat (Regular as the correction is more than 100%). All in all, probability of end of wave 5. The larger ABC in motion, we are start of the A wave.
Suffice, 11050 caps for move below 10700 (short term some bounce around the MID BB is not ruled out.
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
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.
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
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.