Hi, friends
Today we saw negative gap down opening and market recover very positively after a one deep.
But at the end of the day Nifty index gave negative close.
After impulsive move , we can see running flat type of corrective pattern that follows the 3-3-5 wave structure. It's similar to an expanded flat, where Wave B extends beyond the start of Wave A, but unlike the expanded flat, Wave C fails to reach the end of Wave A. This means the price retraces beyond the 100% level of Wave A in Wave B, but the subsequent Wave C doesn't complete the correction by exceeding Wave A's end point.
here i am assuming wave c is over . here i marked bottom of wave A, if low of wave A breaks then the running flat pattern will be invalided.
Today we saw negative gap down opening and market recover very positively after a one deep.
But at the end of the day Nifty index gave negative close.
After impulsive move , we can see running flat type of corrective pattern that follows the 3-3-5 wave structure. It's similar to an expanded flat, where Wave B extends beyond the start of Wave A, but unlike the expanded flat, Wave C fails to reach the end of Wave A. This means the price retraces beyond the 100% level of Wave A in Wave B, but the subsequent Wave C doesn't complete the correction by exceeding Wave A's end point.
here i am assuming wave c is over . here i marked bottom of wave A, if low of wave A breaks then the running flat pattern will be invalided.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。