I am posting Elliott Wave Analysis of 'Sonata Software' of monthly chart to understand it's structure. It seems that the price has completed primary wave [3] and wave [4] and now has started in wave [5].
-03-02-2015.jpg)
On daily chart, the wave [4] has corrected 38.2% of wave [3] and has taken support here and rising. The wave [5] can complete either at price level 162 or level 187 as the are the 0.618% and 100% extension of wave [1].
-03-02-2015.jpg)
Disclaimer: This and all the ideas I present are for educational purpose only.
No comments:
Post a Comment