Watch for reversal signals

50
Granules CMP 461

Elliott- a correction that starts with a big bear candle or an inverted V types are generally the first leg of the fall. This is a typical zig zag corrective pattern. The weakness was a lot and hence the retracement was very less. I remember speaking about the weakness.

the stock is now down to a strong support as it is at fib and trendline support. I will want to see some reversal signals here. In my view its a high prob reversal zone.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.