Running Flat formation in progress as per Elliot wave analysis wherein b wave is very large in comparison to wave a and wave c does not get in wave a price area.
A wave:3 and B wave :3 are complete and currently c wave : 5 is in formation with market being in 2 wave of wave c.
The colored lines are projected completion of wave 2,3,4 and 5 of wave C and twill by end of next week wave c and running flat will be completed.
Perspective for short term is short nd long term is long
Note : Please trade wisely after making all necessary assessments as market will be very choppy.
A wave:3 and B wave :3 are complete and currently c wave : 5 is in formation with market being in 2 wave of wave c.
The colored lines are projected completion of wave 2,3,4 and 5 of wave C and twill by end of next week wave c and running flat will be completed.
Perspective for short term is short nd long term is long
Note : Please trade wisely after making all necessary assessments as market will be very choppy.
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