Pundi X NPXS has been going down for a while now, we can see that the down trend has started to slow in the past couple of months.
if the ellliot wave count shown on the chart is correct and this is a truly an ending diagonal for wave (c), i would expect to see a strong break out to the upside at least in 3 wave retracement.
feedback is appreciated.
if the ellliot wave count shown on the chart is correct and this is a truly an ending diagonal for wave (c), i would expect to see a strong break out to the upside at least in 3 wave retracement.
feedback is appreciated.
As you can see the volume was very high for duration of wave (X) by nature Wave (X) is a reactionary price and high volume is expected.
What is interesting is the high volume on wave (Y) whereby wave (Y) completes the correction sequence !!