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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.