EW THEORY SAYSAlteration Rule IN Ew thory says
(!)If Wave Two is a simple correction, expectWave Four to be a complex correction.
(look 1-2 wave is simple)
(2)Triangles, by commonly as fourth waves.
(2)Triangles, by commonly as fourth waves.
see chart 4th triangnle fig
(3)Elliott Wave Triangle designates five sub-waves of a triangle as A, B, C, D and E in sequence
(look traingle labeling)
(4)Prices tend to shoot out of the triangle formation in a swift thrust.When triangles occur in the fourth wave, the market thrusts out of the triangle in the same direction as Wave 3
now large wave 3 has down ward ward direction...so thrust direction will be according..downward
CONLUSION :)ONGC.NS**stoplls :660 Short bellow :646.44lower target WLT1>625>>591>>>570
