Primary 3 ending soon
Primary degree:Green
Intermediate:yellow
Minor:Red
Currently we are in minor 5 of intermediate 5 of primary 3.Price wise we have seen 361.8% extension of primary wave 1 in primary wave 3.
Going ahead if minor 2-4 trend line is broken then we can see start of Primary wave 4 which can take prices between 90-70.One should avoid going long at current levels and wait for lower levels to enter.
For someone who is already long can keep a stop-loss of 155.Count invalid above 192(Fresh long only above 192).I havent included momentum indicator over here but it is also showing negative divergence,a potential sign of topping.
Disclaimer:This are just my views on the stock,no positions should solely be taken or exited on its basis.Posting this for my future reference.
Intermediate:yellow
Minor:Red
Currently we are in minor 5 of intermediate 5 of primary 3.Price wise we have seen 361.8% extension of primary wave 1 in primary wave 3.
Going ahead if minor 2-4 trend line is broken then we can see start of Primary wave 4 which can take prices between 90-70.One should avoid going long at current levels and wait for lower levels to enter.
For someone who is already long can keep a stop-loss of 155.Count invalid above 192(Fresh long only above 192).I havent included momentum indicator over here but it is also showing negative divergence,a potential sign of topping.
Disclaimer:This are just my views on the stock,no positions should solely be taken or exited on its basis.Posting this for my future reference.
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.