A corrective rally
Rain CMP 168.66
Elliott- the rally from the lows is a zig zag corrective pattern of which B is complete. From here the C leg should start that can go to 350.
MA- the conjunction of the three MA's is telling me a strong move is on the horizon.
Fibs- The change in trend is visible here. First correction should halt around the 167 zone.
RSI- with the current rally the oscillator has also changed its oscillation from the bear range to bull range.
Conclusion - In the next day or two one would get more clues of the change. The break of the trendline will definitely be one.
Elliott- the rally from the lows is a zig zag corrective pattern of which B is complete. From here the C leg should start that can go to 350.
MA- the conjunction of the three MA's is telling me a strong move is on the horizon.
Fibs- The change in trend is visible here. First correction should halt around the 167 zone.
RSI- with the current rally the oscillator has also changed its oscillation from the bear range to bull range.
Conclusion - In the next day or two one would get more clues of the change. The break of the trendline will definitely be one.
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.