Wave Analysis : Long Term View : Exide Industries : 4th Wave : C Wave
Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area.
After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the future wiping out 50% of the price movement.
So, if top is 324/300 we can expect decline till 162/150.
There is no idea of time line so please ignore timing of the market, just trying to fit wave patterns in the current market movement.
Note: No trading recommendation for this analysis, just trying to figure out whats going on :)
Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area.
After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the future wiping out 50% of the price movement.
So, if top is 324/300 we can expect decline till 162/150.
There is no idea of time line so please ignore timing of the market, just trying to fit wave patterns in the current market movement.
Note: No trading recommendation for this analysis, just trying to figure out whats going on :)
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.