9th Dec
Wave count on weekly chart.
Stock seems to be in
SC 3
Cycle 3
Primary 1 doing 5 wave Leading diagonal pattern and now near end of wave 'd'
Stock should complete the count of Leading Diagonal pattern near golden cross. This is spending all the time in the world under the Golden Cross which is a typical trait of a languishing stock.
An alternate count of the Leading Diagonal would be to consider the moves as nested moves also called as 1-2 moves but clarity on this would come only above Golden Cross.
Hopefully the stock would be able to go past that level in short term. But for now that remains the strong bear level to watch.
4th Jun
Long trade between 350-354
Target 365-368.
Stop below 349
Possible counter trend rally.
Ready for a bounce to 330 which can extend to 336 later.
Long Term count in weekly chart.
Terminal Wave 'C' down pending and should play out now.
Wave count on weekly chart.
Stock seems to be in
SC 3
Cycle 3
Primary 1 doing 5 wave Leading diagonal pattern and now near end of wave 'd'
Stock should complete the count of Leading Diagonal pattern near golden cross. This is spending all the time in the world under the Golden Cross which is a typical trait of a languishing stock.
An alternate count of the Leading Diagonal would be to consider the moves as nested moves also called as 1-2 moves but clarity on this would come only above Golden Cross.
Hopefully the stock would be able to go past that level in short term. But for now that remains the strong bear level to watch.
4th Jun
Long trade between 350-354
Target 365-368.
Stop below 349
30 Min Chart
Possible counter trend rally.
Ready for a bounce to 330 which can extend to 336 later.
Hourly
Long Term count in weekly chart.
Terminal Wave 'C' down pending and should play out now.
1 comment:
Thanks for Updated Chart
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