The earlier hypothesis of a bullish impulse in CDSL saw Wave (5) completing near the 1.0 extension from Wave (4), right at the upper channel boundary — a strong confluence zone.
On closer inspection, the internal structure of Wave (5) looks more like an A-B-C rather than a clean 1-2-3-4-5, hinting at possible exhaustion.
This raises the likelihood that Wave (A)/(1) may already be in, and a Wave (B)/(2) correction could be in progress.
Still keeping an eye on the 1.618 projection as a stretch target if the trendline breaks. Until then — structure confirmation is key.
Tools: Elliott Wave, Fibonacci Projections
Timeframe: 30min / 1H for intrawave clarity
On closer inspection, the internal structure of Wave (5) looks more like an A-B-C rather than a clean 1-2-3-4-5, hinting at possible exhaustion.
This raises the likelihood that Wave (A)/(1) may already be in, and a Wave (B)/(2) correction could be in progress.
Still keeping an eye on the 1.618 projection as a stretch target if the trendline breaks. Until then — structure confirmation is key.
Tools: Elliott Wave, Fibonacci Projections
Timeframe: 30min / 1H for intrawave clarity
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.