Don't Miss this: Mastering Wave 3 Targets in Elliott Wave TheoryHello friends,
Welcome to RK_Chaarts,
Today we'll analyze WOCKHARDT LTD's chart using the Elliott Wave theory for educational purposes.
In this educational series, we'll explore how to assume the target of wave three. Today's topic is specifically focused on understanding the measurements and projections for wave three.
We can see that wave one on the monthly chart is complete, and wave two has also ended. Currently, we're likely in wave three.
Generally, wave three's target is 161.8% of wave one. If wave one is 100 points, wave three's target would be around 162 points. If extended, it can reach 261 points, 361 points, or even 423% in rare cases.
However, a key rule is that wave three will never be the shortest. If it's not extended, we expect it to be at least equal to wave one. Typically, wave three reaches 161.8% in general cases.
We've shared this analysis in a video format for educational purposes only. Please note that this is not a tip or advisory. Watch the video carefully to understand how the Elliott Wave theory helps us analyze the chart and set targets.
Thanks for joining and watching the video! If you like this series, please like and comment below. Your feedback will encourage us to create more content.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
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Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
