See link below for previous analysis.
Dischem has had a stellar run from the 2154 low, tracing out a textbook five wave advance.
Wave is a leading diagonal followed by wave[ii] which unfolded as a complex zig zag with a b-wave triangle; wave[iii] is a strong impulse and wave[iv] is a simple zig zag.
Wave[5] can unfold as an impulse or ending diagonal and looks likely to take price towards 3300 cps.
Buying fifth waves is risky as on completion of the five wave advance, a three wave correction follows.
I will remain bullish but with caution.
Dischem has had a stellar run from the 2154 low, tracing out a textbook five wave advance.
Wave is a leading diagonal followed by wave[ii] which unfolded as a complex zig zag with a b-wave triangle; wave[iii] is a strong impulse and wave[iv] is a simple zig zag.
Wave[5] can unfold as an impulse or ending diagonal and looks likely to take price towards 3300 cps.
Buying fifth waves is risky as on completion of the five wave advance, a three wave correction follows.
I will remain bullish but with caution.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.