As per this daily chart a 5-3 move is already complete up till the 39 level, now as per the Elliott Wave the progression should be 5-3-5 in both cases.(Case 1 : Impulse, Case 2 : Correction ), hence using the basic Fib. extension the target are
T1 - 64 mark (100%)
T2 - 70 (123.6%)
T3 - 80 (161.8%) Maximum in case of non extended wave.
SL - 42 (Should be trailed as the market moves in the upward direction)
Based on this analysis atleast the 64 mark should be achieved.
T1 - 64 mark (100%)
T2 - 70 (123.6%)
T3 - 80 (161.8%) Maximum in case of non extended wave.
SL - 42 (Should be trailed as the market moves in the upward direction)
Based on this analysis atleast the 64 mark should be achieved.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Disclaimer
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.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Disclaimer
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.