The Day TF has taken over the Hour TF. The Bullish developing pattern is as follows:
Bullish Pattern:
XA - 4728 -5400
Projected B:
50% -5064
61.8% - 4985
70.7% - 4924
78.6% - 4872
If NS gains supports at the 50 DMA @ 5060 - 5040 then the prev count will be continued Else the wave count is likely to be altered as the wave c to complete the B will be further subdivided.
Taking the EW wave count w.r.t the Hr. Smacd - the count is altered as given below:
wave a = 5400 -5201
wave b = 5201 -5294
wave c : min = wave a = 5095 - achievedwave c = 161.8% of wave a = 4972 - corresponding to 61.8% of the Bullish developing pattern
subdivisions of wave c:
wave i - 5142
wave ii - 5227 - approx 61.8%
wave iii - approx 1.618 of wave i = 4982
4 comments:
You are doing an excellent job.You also got the appreciation from our guru.Vasishtar vayal brahmarishi.God bless you.Keep it up
Thank you Sir.
Great analysis. Simply great...
Thanks Fire. You too - doing great job :)
Post a Comment