This topic contains 3 replies, has 1 voice, and was last updated by  pranita jethlia 4 weeks ago.

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  • #168208 Reply

    Pranita JethliA

    Godrej CP forming a neutral triangle on a larger degree hourly chart.

    and after completion of wave E of the smaller degree triangle, we can see a downside move.

    Is this analysis correct?

     

     

    #168224 Reply

    Shail

    Your ending abcde count looks proper and should be traded on the downside in my opinion as soon as the B-D line is broken

    #168487 Reply
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    Ashish Kyal, CMT

    wave e should end higher than wave d. So there is possibility that wave e is complete at the top itself

    #168543 Reply

    pranita jethlia

    Thank you sir.
    But are the larger degree counts taking a form of a neutral triangle.
    and if yes, will we get confirmation for short when the red bd line is broken or the bigger degree bd line is broken.

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