ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" :Motive wave completed
Wave "2" :Simple zigzag completed
Wave "3" :Extended Motive Wave Golden wave also completed.
Wave "4" :Alternation rule so chances are there for formation of Triangle pattern (time consuming pattern).
Wave "5" : Not yet started
Elliott wave is an road map to identify the direction of market.
Wave "1" :Motive wave completed
Wave "2" :Simple zigzag completed
Wave "3" :Extended Motive Wave Golden wave also completed.
Wave "4" :Alternation rule so chances are there for formation of Triangle pattern (time consuming pattern).
Wave "5" : Not yet started