Siemens - 5 waves done?

Had mentioned in earlier analysis of siemens that a 5 waver is done here. Details below
Siemens has either completed 5 waves in its move from 2250 or late stage 5th. Hence the long exit/ sell
on weekly too it is likely completing a much larger timeframe 5 waves if my counts are correct

ความคิดเห็น:

With the atock likely having completed its 5th up last friday, likely targets on the downmove are
1) 38.2% retracement - 2657
2) 50% retracement - 2560
3) 61.8% retracement - 2463

ความคิดเห็น:

Last week's high is still holding. Very range bound action for last few days. Time for bears to show their hand or the 5th has more sub waves to a bit higher level. All that said risk reward for longs is extremely poor here