Strides Pharma trade setup
Leg a,b,c has satisfied the characteristics of a triangle,this is most probably a triangle. Assuming this as a triangle, leg d will be completed at some 500 level. After leg d is completed, it can be a great opportunity to short for leg e of X/B. after completion of leg e and X/B it can be great opportunity to go long till the wave 4 completes. Keeping probabilities in mind and considering that this is not a triangle, we can assume that leg X has been completed instead of leg c of a triangle, then leg d can be a leg a of Y of 4, which can be still a great opportunity to short for wave b.
If a triangle forms, then most probably, it will form a EX-flat structure of wave Y (just smaller degree of wave 4).
All the targets, SL and entry point will be in smaller time frame keeping internal waves in mind.
If a triangle forms, then most probably, it will form a EX-flat structure of wave Y (just smaller degree of wave 4).
All the targets, SL and entry point will be in smaller time frame keeping internal waves in mind.
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.