ABB CMP 5949
Elliott- the rally was the 4th wave of C. Now the 5th wave has started. The mid point of this fall lies at 6569. Hence the target for wave 5 is 4263. This I have shown with two boxes. Wave 1 and wave 5 are generally equal hence the tgt by this rule is around 4K.
Fibs- the rally cannot go past the 38.2% of the fall, indicating weakness.
Oscillators- both the oscillators are confirming the weakness.
Conclusion- Still cant time it to the T but I know the fall is not yet over. The tgt at 4260 is a good 30% down from the current levels.
Elliott- the rally was the 4th wave of C. Now the 5th wave has started. The mid point of this fall lies at 6569. Hence the target for wave 5 is 4263. This I have shown with two boxes. Wave 1 and wave 5 are generally equal hence the tgt by this rule is around 4K.
Fibs- the rally cannot go past the 38.2% of the fall, indicating weakness.
Oscillators- both the oscillators are confirming the weakness.
Conclusion- Still cant time it to the T but I know the fall is not yet over. The tgt at 4260 is a good 30% down from the current levels.
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Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.