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Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime.
In this weekly time frame a triangle in wave 4 is coming to an end. Post that stock could resume its rally towards 110-120. View would negate below 70
Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime.
In this weekly time frame a triangle in wave 4 is coming to an end. Post that stock could resume its rally towards 110-120. View would negate below 70
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