let us compare 2 chart one rolta and ongc on daily basis
in last post post we expressed view ongc downward move expected
same pattern with rolta in which 5th down wave progressed in advance
will ongc follow?
Alteration 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)
(!)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.
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
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
now large wave 3 has down ward ward direction...so thrust direction will be according..downward
if every thing is going in corect way as elliot rule with rolta then ongc price action must be in concerned
