Expect a short term W4 correction followed by a W5 breakout
Airtel has hit the natural 161.8% extension of Wave 1. Now, I expect a wave 4 correction to 667 or 651 (note that wave 2 did a 50% correction too!). Long term target of 750+
Commentaire:
Stock hit a ATH of 753 and corrected sharply. Right now, it is bouncing off the 38.2% fib level. Need to keep an eye on this to see where wave 5 can start
Commentaire:
50% correction now is 668. The stock hasn't tested 50-100-200 emas since July. It might have to consolidate here for a while before starting wave 5
Commentaire:
Stock bounced from the 50% correction, but I think this might retest 50d ema again and then fly back. For now, wave 5 seems to be in
Commentaire:
Stock might do a A-B-C correction to 648.5(61.8% fib retracement) & bounce from there
Commentaire:
Stock bounced from the 50% retracement level. Will test ATh soon