A W-X-Y corrective pattern may have just wrapped up in Muthoot Finance Futures, with Wave Y potentially completing at ₹2086.50.
The final leg of this correction formed a neat a-b-c structure and tapped into a rising trendline support, adding strength to the bullish setup.
If price pushes above ₹2150–₹2180, that would break recent swing highs and hint at trend reversal.
But a fall below ₹2086 would invalidate the structure and open doors for deeper downside.
🧭 Bias: Bullish (as long as price holds above support).
📘 Just sharing my wave-based view — not financial advice. Open to thoughts and feedback!
The final leg of this correction formed a neat a-b-c structure and tapped into a rising trendline support, adding strength to the bullish setup.
If price pushes above ₹2150–₹2180, that would break recent swing highs and hint at trend reversal.
But a fall below ₹2086 would invalidate the structure and open doors for deeper downside.
🧭 Bias: Bullish (as long as price holds above support).
📘 Just sharing my wave-based view — not financial advice. Open to thoughts and feedback!
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
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.