Weekly Elliot Waves - Bear rally/countrend move Education

NSE:SAIL1W

STEEL AUTHOR INDIANSE

Description

⋅ Apr 3, 2019 3:16 AM

Explained in the chart regards . But its a good buy for a trader .

Wave Analysis

Comments

mklives

⋅ Apr 3, 2019 5:49 AM

looks like also right shoulder forming of inverted HS

AJAYSHARMA

⋅ Apr 3, 2019 6:17 AM

@mklives, Yes wave 5 (last leg of the correction) and 1 and 2 of new new impulse imply ihs. and break of the neckline occurs when wave 3 breaches the top of wave 2 .

AJAYSHARMA

⋅ Apr 3, 2019 6:19 AM

@AJAYSHARMA, sorry typo ** top of wave 2** top of wave 1 . Then we have to see whether its actually a wave 3 is motion or not.