Dish TV from the lows of 11.9 on 27/10/2008 is making a diagonal advance..according the pattern wave 1,2,3 are complete with wave 3 being smaller than wave1.Wave b of 4 is going on at present.. I expect wave b to finish soon followed by an impulsive c wave which should take the prices to 60 lvls..
Accumulate shorts above 100 with SL of 151 (for risk takers) & 125 (low risk traders)
Accumulate shorts above 100 with SL of 151 (for risk takers) & 125 (low risk traders)
Note
Book half and maintain SL of 85 for reamainning half.Trade closed: target reached
Looks like the downtrend is in ending stages. Book comlete.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.