I hope after readin my past articles now all are that much aware that there are three wave pattern of correction A, B & C. But today we will know more about that waves with a practicle examle.
In that chart there is a downward trend prevailing so the corrective waves are at upside but the main thing the author jeff canady had mentioned here was that normally the wave C is as much as equal to wave A in length. So, he has suggested in that chart that after a specific level the wave c will be decline as mentioned in the chart. And after that the same thing is happened in the chart which is mentioned in the below chart. Just have a look.
We can see here that as mentioned in the first chart the wave C has stopped its upside trend after the same level and came downwards.
Wave analysis is not a crystal ball and it won't always work this well. Still, it helps you limit the infinite number of future possibilities to one or two very likely probabilities. So, go and run.
Hari Omm..........
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