TCS exhibits signs of an impending sell-off, marked by key observations:
Close proximity to its all-time high.
Formation of an ending diagonal pattern in the vicinity of the historical peak.
Potential emergence of a flat irregular ABC pattern on the monthly chart spanning from September 2022 to February 2024.
Strategic considerations:
Option 1: Consider initiating a short position promptly.
Option 2: Alternatively, wait for confirmation with the break of Wave 3.
For optimal execution, targeting a short entry near 4010-4000 is advisable. This enables a strategic placement of the stop-loss above the all-time high. As TCS experiences a decline, a systematic trailing of the stop-loss can be implemented to manage potential risks effectively.
Close proximity to its all-time high.
Formation of an ending diagonal pattern in the vicinity of the historical peak.
Potential emergence of a flat irregular ABC pattern on the monthly chart spanning from September 2022 to February 2024.
Strategic considerations:
Option 1: Consider initiating a short position promptly.
Option 2: Alternatively, wait for confirmation with the break of Wave 3.
For optimal execution, targeting a short entry near 4010-4000 is advisable. This enables a strategic placement of the stop-loss above the all-time high. As TCS experiences a decline, a systematic trailing of the stop-loss can be implemented to manage potential risks effectively.
노트
5th wave cant be longer than 3rd wave, violation of Elliott wave theory, hence this idea is no longer implemented
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.