In PI Industries (PIIND), where is Wave 3 expected to reach?
After the Covid crash, PIIND has completed Waves 1 and 2 as per Elliott wave.
Right now, it is in Wave 3, and in uptrend.
However, Wave 3 is not forming the usual 1,2,3,4,5 pattern. Instead, it is going up as a corrective wave in the form of triangles.
We can see that the time between waves is almost equal (a minor difference of 4-5 bars)
Applying Fibonacci extension, the current uptrend is expected to touch Fib level 200%, after which we may see a fall, which will complete the current triangle.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
We look forward to engaging with all those who follow our ideas on Tradingview. Share with us your thoughts through the comment section.
Right now, it is in Wave 3, and in uptrend.
However, Wave 3 is not forming the usual 1,2,3,4,5 pattern. Instead, it is going up as a corrective wave in the form of triangles.
We can see that the time between waves is almost equal (a minor difference of 4-5 bars)
Applying Fibonacci extension, the current uptrend is expected to touch Fib level 200%, after which we may see a fall, which will complete the current triangle.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
We look forward to engaging with all those who follow our ideas on Tradingview. Share with us your thoughts through the comment section.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。