One of the W D Gann & Elliott wave Theory Found in this Scrip
I am not that Big Fan of W D Gann , but his study was extensive on time and price action , Next month 1st week i am expecting the price will make near 545/565 range , which i am expecting a match of time and price , as per W D Gann theory , the actual theory is big i cant explain it here , those who have studied it and practicing can understand ,
My person view is 1st impulse have started making low as 496 in 2012 , and if price fully retrace to the impulse level then its total fundamental failure of the company , Here its interesting because it match with R N Elliott wave theory which says Wave 1 Impulsive can retrace up to 88/95 % but can not retrace 100 % , in both theory combination i think we are in end of wave 1 as wave 2 formation and it will start next impulsive wave 3
all theory is based on hypothetical calculated and applied to financial instruments nothing is perfect until proven as per forecast
So lets wait and watch what happens
My person view is 1st impulse have started making low as 496 in 2012 , and if price fully retrace to the impulse level then its total fundamental failure of the company , Here its interesting because it match with R N Elliott wave theory which says Wave 1 Impulsive can retrace up to 88/95 % but can not retrace 100 % , in both theory combination i think we are in end of wave 1 as wave 2 formation and it will start next impulsive wave 3
all theory is based on hypothetical calculated and applied to financial instruments nothing is perfect until proven as per forecast
So lets wait and watch what happens