Above 0.10475 we are looking to the upside for wave ((5)). Equality between waves ((1)) and ((3)) could signal an extended wave ((5)). From the guidelines of alternations, wave ((2)) a running flat correction may signal wave ((4)) ended as a zigzag correction. Price bounced into the 0.382 fib retracement as usually a wave 4 do it. Log scale used!!
GETTEX:NSE : NIFTY NIFTY Index since its inception in 1990 - completed Wave 1 in 2008 followed by Wave 2 with FIB approx 0.5 Fib level retracement. Then continued wave 3 impulse wave until COVID impact with a sharp correction(retracement) to 0.382 fib level marking the completion of wave 4. when waves 1 and 3 neither of them are extended and wave 4...
prevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in a motive mode wave ((3)) of v unfolding - first target 1,2189 fib 1.618 wave ((1)) ext ALT: continuation of wave (ii) possible expandig flat in 3 waves critical price area previus daily close 1.2148 PP 1.2145 FIB 1,2189 fib 1.618 wave ((1)) ext – 1.2233 fib...
hello trader as you can see the wave c has finished and touched 100 extension and there is divergence wait for the broken of line that i draw and you can sell it do not forget to follow us unitl you will not miss anything and for more charts have a great week guys....
Picture describes it all. comment, add to or feedback is appreciated.
We are getting an Extension of the fifth wave on the 4 hr and price is making an ascending wedge reversal and it is divergent with MACD. This is telling me to look for short positions rather than long on smaller timeframes.