This analysis is totally based on Elliot Wave theory and Volume profile
As per Wave theory, We have entered into wave 3 which has just started.
Target 1(wave 3 completion) - somewhere around 75
Wave 4 should take it back to level 44 (Good support calculated based on Fibonacci and Volume profile )
Target 2(Wave 5) - ~ 160 range (based on fibo levels and volume profile)
RSI shows good momentum and has formed a triangular pattern. Breakout may trigger target 1 soon.
Disclaimer: This is for educational purpose and not a recommendation. Pls invest as per your study and analysis.
As per Wave theory, We have entered into wave 3 which has just started.
Target 1(wave 3 completion) - somewhere around 75
Wave 4 should take it back to level 44 (Good support calculated based on Fibonacci and Volume profile )
Target 2(Wave 5) - ~ 160 range (based on fibo levels and volume profile)
RSI shows good momentum and has formed a triangular pattern. Breakout may trigger target 1 soon.
Disclaimer: This is for educational purpose and not a recommendation. Pls invest as per your study and analysis.
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.