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Thread On EW motive waves.
With the Help of Rsi its very easy to Label the Motive waves
When Rsi is in the oversold territory making a postive divergence that price point can be the start of Wave 1.
Wave 1 always a 5 wave structure 5-3-5-3-5
In leading diagonal 3-3-3-3-3.
(1/5)
With the Help of Rsi its very easy to Label the Motive waves
When Rsi is in the oversold territory making a postive divergence that price point can be the start of Wave 1.
Wave 1 always a 5 wave structure 5-3-5-3-5
In leading diagonal 3-3-3-3-3.
(1/5)
https://twitter.com/sahilpahwa09/status/1644960472092008454
Wave 3 is the strongest,Longest& fastest Wave
After the correction in wave 2, the 3rd wave Breaks out
The economic and fundamentals news is mostly negative and almost everyone is Bearish
Wave 3 Retraced 1.618 of wave 1 anything above 1.618 extension called as Extended wave 3
2/5
After the correction in wave 2, the 3rd wave Breaks out
The economic and fundamentals news is mostly negative and almost everyone is Bearish
Wave 3 Retraced 1.618 of wave 1 anything above 1.618 extension called as Extended wave 3
2/5
Wave 3 Always heats up the Rsi and Rsi remain in the overbought zone most of the times in wave 3.
Mostly Gap Up usually seen in wave 3 and also we witness the price rise with good volumes. (3/5)
Mostly Gap Up usually seen in wave 3 and also we witness the price rise with good volumes. (3/5)
Wave5 is the final Leg in motive wave.
The economic & fundamentals news is mostly positive and almost everyone is bullish
Rise in wave 5 is always with a weaker Rsi and always with a less Volumes
We also might Formed Ending Diagonal with suggest the uptrend is soon goona end(4/5)
The economic & fundamentals news is mostly positive and almost everyone is bullish
Rise in wave 5 is always with a weaker Rsi and always with a less Volumes
We also might Formed Ending Diagonal with suggest the uptrend is soon goona end(4/5)
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