Hey! Hope you are well!
Here is an adjusted axis on the five minute chart; the native chart I was using is five minute; here is the picture of what it looked like.
The varying eccentricity of the ellipse comes from the varying circular levels such as .25, .5, .75, 1, 1.25, 1.5, 1.75, 2
Imagine the circle as a 1x1 ellipse; now imagine the next ellipse as a...
Axis bank is a deciplined stock which obeies and respect all chart patterns and elliot wave pattern.this type of stock is good for trading.
5 waves wX,Yx,Z or (12345) COMPLETED and now correction started.wave A COMPLETED AT 325.
THIS upward move is flat in nature and wont go more than 506 because the fall is steep.
after completing wave B near 506 again it will...
Many charting tools require a proper scaling of price / time.
This is the method I'm using to scale my charts if needed.
1) Draw a rectangle somewhere on your chart
2) Set it's coordinates to 1:1
So if the price coordinates are 300/350 , set the bar (time)
coordinates to have the same difference of 50 in this case
3) Draw a "Fib Speed Resistance Arc"....
