In the 75-minute chart in MCX, we can see that flat correction is going to be finished.
This can be expected as the 0-B trend line breaks in less than half a time. (See that the lowest point from the trend line is formed in 25 candles, and the trend line is broken in 10 candles.)
This is the primary indication of the end of correction.
A risky buying opportunity exists at the current market price. The stop loss for this will be below the end of wave C, i.e., below the 5820 level.
This is not a buying recommendation.
Please always do your own research before you take any trade.
This analysis is based on Elliott wave theory and Fibonacci.
This analysis is for educational purposes only.
This can be expected as the 0-B trend line breaks in less than half a time. (See that the lowest point from the trend line is formed in 25 candles, and the trend line is broken in 10 candles.)
This is the primary indication of the end of correction.
A risky buying opportunity exists at the current market price. The stop loss for this will be below the end of wave C, i.e., below the 5820 level.
This is not a buying recommendation.
Please always do your own research before you take any trade.
This analysis is based on Elliott wave theory and Fibonacci.
This analysis is for educational purposes only.
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.
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.