I can See A wedge pattern in form of Wave B and Will the Wave C on downside can start from here it self ?
Rsi is indicating multiple divergences, Daily candles showing shooting star at top , more than 61.8% retracement move is complete, elliot wave is having 5 moves complete on upside and time cycles suggesting bottom near may 20, all factors showing a move complete signs, so can we see sharp fall upto 16800-17100 level in 1/4 lesser time the wedge consumed i.e 7-8 days ?
As per neo wave 2-4 trend line broken was the first signal, now we are waiting for 0-2 trendline to break...
lets see how it unfolds & in what time ...
* this is an educational post only , don't trade on this ..
* I have found wedges and were very accurate in past times lets see how sharp and deep it turns around and what time frame
* don't forget to like the post to encourage more post like this..
Rsi is indicating multiple divergences, Daily candles showing shooting star at top , more than 61.8% retracement move is complete, elliot wave is having 5 moves complete on upside and time cycles suggesting bottom near may 20, all factors showing a move complete signs, so can we see sharp fall upto 16800-17100 level in 1/4 lesser time the wedge consumed i.e 7-8 days ?
As per neo wave 2-4 trend line broken was the first signal, now we are waiting for 0-2 trendline to break...
lets see how it unfolds & in what time ...
* this is an educational post only , don't trade on this ..
* I have found wedges and were very accurate in past times lets see how sharp and deep it turns around and what time frame
* don't forget to like the post to encourage more post like this..
PM for any Healthy discussion
