Uptrend in LIC to continue
This is one of those clear Elliott Wave pattern to bet on.
Recent break of May, 2022 all time high and impulsive continuation of price indicates the presence of wave 3. In my opinion the wave 3 is still in progress. Counting the internals of wave 3 is quite tricky at the moment so avoiding it for now.
How to trade it ?
I'd be waiting for a clear 3 wave pullback (in 4th wave after completion of 3rd wave) with the price retracing to 0.382 Fibonacci level to trade it.
Will update the idea as price develops.
Thanks for reading!
Recent break of May, 2022 all time high and impulsive continuation of price indicates the presence of wave 3. In my opinion the wave 3 is still in progress. Counting the internals of wave 3 is quite tricky at the moment so avoiding it for now.
How to trade it ?
I'd be waiting for a clear 3 wave pullback (in 4th wave after completion of 3rd wave) with the price retracing to 0.382 Fibonacci level to trade it.
Will update the idea as price develops.
Thanks for reading!
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