Auto Sector (Neowave Forecast)
Hi Everyone
Today we are going to discuss Auto Index.
1) First currently Auto index is in correction of L4( long term 4th wave) and futuristic movement is bullish in form of L5 ( 5th wave).
2) In L4 we are also in last leg correction, this mean price should not consolidate here more than 2 week or so. if price consolidate more that mean there is a possibility of further waves of M series( medium term wave)
but as you know the nature of 5th wave it does not always give proper price length and also fail prematurely so keep this in mind when you are buying quantity in auto stocks. Simply mean buy quantity with risk management.
Anyway if anything changes i will update them in our trading view live link. If you have any question you can message me in trading view.
Thank You
_____________________________________________________________________________________________________________________________________________________________________________________________
Coming soon features.
1) An Neowave Library
2) Video Updates
3) Education series
_____________________________________________________________________________________________________________________________________________________________________________________________
If you new than you need to see our below charts also to understand our Neowave coding style.
Today we are going to discuss Auto Index.
1) First currently Auto index is in correction of L4( long term 4th wave) and futuristic movement is bullish in form of L5 ( 5th wave).
2) In L4 we are also in last leg correction, this mean price should not consolidate here more than 2 week or so. if price consolidate more that mean there is a possibility of further waves of M series( medium term wave)
but as you know the nature of 5th wave it does not always give proper price length and also fail prematurely so keep this in mind when you are buying quantity in auto stocks. Simply mean buy quantity with risk management.
Anyway if anything changes i will update them in our trading view live link. If you have any question you can message me in trading view.
Thank You
_____________________________________________________________________________________________________________________________________________________________________________________________
Coming soon features.
1) An Neowave Library
2) Video Updates
3) Education series
_____________________________________________________________________________________________________________________________________________________________________________________________
If you new than you need to see our below charts also to understand our Neowave coding style.
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