70 Days low Time cycle works perfectly as show in the earlier post.
You can review it here http://yogeshtamkhade.blogspot.com/2019/09/praj-industry-70-days-time-cycle-low.html
13% captured on this move as per anticipated.
Current downmove is looks to be proper channelized and this correction is looks to be W-X-Y-X-Z as per Elliott wave study. The current move is in X2 wave and Z will expecting...
We are marking it X2 as this upside doesn't shows the characteristics of reversal and impulsive wave.
The chart also shows alternate corrective labeling of abcdefg a 7 wave correction.... in which g wave is expecting down side...
Since this Z or g wave will consider as last wave of any corrective or sideways correction. hence be alert to capture the next big wave on upside...
You can review it here http://yogeshtamkhade.blogspot.com/2019/09/praj-industry-70-days-time-cycle-low.html
13% captured on this move as per anticipated.
Current downmove is looks to be proper channelized and this correction is looks to be W-X-Y-X-Z as per Elliott wave study. The current move is in X2 wave and Z will expecting...
We are marking it X2 as this upside doesn't shows the characteristics of reversal and impulsive wave.
The chart also shows alternate corrective labeling of abcdefg a 7 wave correction.... in which g wave is expecting down side...
Since this Z or g wave will consider as last wave of any corrective or sideways correction. hence be alert to capture the next big wave on upside...
GREAT STUDY , AS USUAL !!!
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