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.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.