Monthly view of GBPCAD Shows that corrective structure might be over making it one of the corrective pattern where c wave doesn't break the low of leg A. I'm expecting consolidation before we see more upside how long that will take is the thing to look for.
Hi TV people, Nice buying setup is in formation in axis bank, corrective pattern seems like a expanding flat. in my previous idea i had posted about short opportunity, i hope someone who found that useful made some profit in it. this long setup is very major in terms of r:r. so look for long setups in lower time frame for entries.
Its kind of bold to make forecast about bankrupt company, but fundamentals & news story aside which i have no idea about. Purely chart based analysis shows that on monthly chart jet airways made beautiful corrective structure for Upward C wave. which i am expecting. lets see when will we see it.
thanks & take care.
almost every dollar pair has this pattern. we might see dollar gone down due to weakness in dollar itself. might go little more up break higher highs then start falling. keep your eyes on dollar. OANDA:USDCAD
connecting the dots, recent up move is part of correction how far this up move go will map out future moves. if up move failed to break previous higher highs we will still big move to downside as wave c or if it does break then correction inside b leg will probably stretch more. look for this one/.