Context
BSE looks like it topped out at Wave B, and the price action since then is starting to align with a fresh downside leg.
Wave Count View
Wave A completed in five waves with extended wave 3, Wave B retraced as a controlled three, and the drop from 2960 fits the profile of a leading diagonal for Wave 1 of C.
Bearish Case
As long as 2960 holds, the bias stays firmly on the downside. A proper C-wave should unfold in five legs, and the early structure is already pointing that way.
Conclusion
Momentum favours the bearish interpretation unless the invalidation level is violated. Wave 2 will tell us whether the market wants to continue this decline or flip the script.
Disclaimer: Edu Only. DYOR.
BSE looks like it topped out at Wave B, and the price action since then is starting to align with a fresh downside leg.
Wave Count View
Wave A completed in five waves with extended wave 3, Wave B retraced as a controlled three, and the drop from 2960 fits the profile of a leading diagonal for Wave 1 of C.
Bearish Case
As long as 2960 holds, the bias stays firmly on the downside. A proper C-wave should unfold in five legs, and the early structure is already pointing that way.
Conclusion
Momentum favours the bearish interpretation unless the invalidation level is violated. Wave 2 will tell us whether the market wants to continue this decline or flip the script.
Disclaimer: Edu Only. DYOR.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。