Wave Theory (visually idealized )
This chart is of Monthly chart , and this scrip form its inception is moving an uniformed way and visually or Graphically we can identify the theory of Wave analysis
Wave theory was originally found in 1870 by Japanese rice traders , they some how figured it that people tend to respond in the form of waves for prices behavior of essential commodity, and then few researchers have take the study by analyzing it based on previous price behavior and formed a possible conclusive theory called by various authors and analyst
This one is behaving as per R N Elliott theory and we are looking an 3rd wave of internal impulse wave prier to 3 rd wave on Higher degree ,
one can look for weekly brake out or completion of consolidation phase , and can look to enter
Please dont ask me about the complete details of Elliott wave theory , Kindly download it form Google and study if you are interested
Good Luck
Wish You happy New Year
Wave theory was originally found in 1870 by Japanese rice traders , they some how figured it that people tend to respond in the form of waves for prices behavior of essential commodity, and then few researchers have take the study by analyzing it based on previous price behavior and formed a possible conclusive theory called by various authors and analyst
This one is behaving as per R N Elliott theory and we are looking an 3rd wave of internal impulse wave prier to 3 rd wave on Higher degree ,
one can look for weekly brake out or completion of consolidation phase , and can look to enter
Please dont ask me about the complete details of Elliott wave theory , Kindly download it form Google and study if you are interested
Good Luck
Wish You happy New Year
Nota
Well Many Pandits , Guru , Indicator seller Group , have tried posting all kind of things but the reality is completely different , even Bloomberg , or any top analyst can not give you the forecast which are far away by market time frame , well ahead of every one , its not possible by them its only possible with people who has Knowledge , there is no surprise for us as some on was talking on the other day to me , there is no loss to us because we know exactly how the next move would be shaped having of knowledge how the next move will be shaped we make Millions dollars every year
IF you are in this scrip try to stay for next move up and look to trail the stop based on your entry & Exit methods
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