Saturday, March 8, 2014

An Impulse and a Correction





BHEL Daily chart

A text book picture of an Impulse and a Correction.
Notice the subdivided waves numbered in green colour.
The third wave is extended in the Impulse. 
Wave 3 and wave 5 is subdivided.
The Correction is a Zigzag wave 5-3-5.
The B wave of correction is a Flat wave and is subdivided.
An alternate possibility for the Correction is Complex correction abc-x-abc. 

 

BHEL Daily chart 

Disclaimer: The views given in this blog are for educational purposes only. Readers should exercise personal discretion and take expert advice before taking any action in the stock market.The author of this blog is not responsible for any losses which anyone might incur in the stock market by acting on these views.

No comments:

Post a Comment