Elliott Wave Analysis & Forecast, STOX50, M1, 20151222
As per Elliott wave rules and above count we are in blue wave iii of green wave Y. Green wave X start @ 1583 and formed zigzag in in three sub-wave red ABC which finish at 3602 placing Long Term Top there. The ideal target green wave Y is near 700-750 area or even lower where we will expect strong support and long term buyers enter the market to push up beyond the previous high. For medium term price will decline impulsively in blue wave iii that can go 2145 or slightly low near 2000 a major psychological level.
muhiuddin
muhiuddin
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.