Since the last analysis, price dipped to ₹270.35 (near 0.236 retracement), then bounced sharply to ₹284.70 — breaking the Wave 5 high.
This move confirms a Wave b rally that extends 159% of Wave a, a classic signature of an Expanded Flat correction.
What this means:
RSI still shows divergence and momentum looks tired.
Watching for:
Structure remains educational. Stay sharp.
This move confirms a Wave b rally that extends 159% of Wave a, a classic signature of an Expanded Flat correction.
What this means:
- Wave b has trapped breakout buyers.
- Expect Wave c next — likely a sharp decline below ₹270.35 to complete the correction.
RSI still shows divergence and momentum looks tired.
Watching for:
- ₹265–₹255 as potential Wave c landing zone.
- Reclaiming ₹285+ invalidates this short-term correction view.
Structure remains educational. Stay sharp.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.