Headline: Liquidity and Wave Patterns Align – Strategic Buying Opportunity
Technical Analysis:
Structure: The price action has retraced into the deep retracement zone of 113%-127% Fibonacci extension of the last swing. This zone often attracts liquidity and signals potential reversals.
Wave Structure: Elliott Wave count suggests completion of an extended Wave C. A bullish reversal is anticipated from this level, aligning with the liquidity zone.
Key Levels:
Educational Notes:
Fibonacci Extensions: The 113%-127% zone is a common reversal area for corrective waves.
Wave C Completion: This marks the end of a corrective phase, transitioning into a new impulsive trend.
Disclaimer:
This is for educational purposes only. Trade with appropriate risk management and do your own analysis before taking any positions.
Technical Analysis:
Structure: The price action has retraced into the deep retracement zone of 113%-127% Fibonacci extension of the last swing. This zone often attracts liquidity and signals potential reversals.
Wave Structure: Elliott Wave count suggests completion of an extended Wave C. A bullish reversal is anticipated from this level, aligning with the liquidity zone.
Key Levels:
- []Buy Zone: ₹3,263-₹3,310
[]Stop Loss: ₹3,202 (Below the liquidity zone and extended Wave C completion)
[]Target 1: ₹3,817-₹3,875
[]Target 2: ₹4,054-₹4,146
Educational Notes:
Fibonacci Extensions: The 113%-127% zone is a common reversal area for corrective waves.
Wave C Completion: This marks the end of a corrective phase, transitioning into a new impulsive trend.
Disclaimer:
This is for educational purposes only. Trade with appropriate risk management and do your own analysis before taking any positions.
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.
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.