DSKF16

ACC: Is WAVE - 5 Ends - RESULT Special SERIES

Alış
NSE:ACC   ACC LTD
Is WAVE - 5 Ends ? As EW theory, 3 HARD (Basic) Rules are:
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Here, Wave 2 Retrace 66.8% of Wave 1.

Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Here length of W -1: 14.98%, W - 2: 27.26%, W - 3: 14.82%.

Rule 3: Wave 4 can never overlap Wave 1.
Here W - 1 Ends @ 1512.05 & W - 4 ends @ 1541.25

IF RESULT Above EXPECTATION:
Condition 1 to 6: As TARGET / EXIT Levels for LONG:
Projected WAVE - 5 Zone (@ 1825.10 to 1896.30)
Condition #1: @ 1828.10 FIB Ext. 2.272 of WAVE - 1
Condition #2: @ 1837.05 FIB Ext. 0.786 of WAVE - 3
Condition #3: @ 1856.10 FIB Ext. 2.414 of WAVE - 1
Condition #4: @ 1874.65 FIB Ext. 0.886 of WAVE - 3
Condition #5: @ 1896.30 FIB Ext. 2.618 of WAVE - 1
Condition #6: @ 1966.50 - Extreme Projection, as Normally Wave - 5 does not Exceeds Wave - 3.
(Reason for Condition #6:
Projected W - 5: @ considering length of W - 1 & W - 5 Equal)
Also at this point: FIB Ext. 1.13 of W - 3 & FIB Ext. 3.0 of W - 1)

IF RESULT Below EXPECTATION: WAVE - 5 Comes to an END
Reason: Length of W -1: 14.98%, Equal to W - 3: 14.82%.
Corrective Levels, TARGET for SHORT:
@ 1716, @ 1685, @ 1655, @ 1628, @ 1590, @ 1567-

If enriched your knowledge,
Please don't forget to
Hit / Click Like button & also SHARE Link.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.