Law of Similarity ( One of the Hypothesis )
One of the Hypothesis followed by R N Elliott is law of similarity , he has always found the moves made in the past will have same effects in the
Upcoming future price moves , He believed in equal magnitude of price movement is common occurrence in the stock market
In this scrip also i do find an possible up side move once this down fall is paused or slowdown , i am forecasting that the price may be paused near 1400 and you can expect a
reversal on daily , which is high likely to move beyond current immediate highs
the circled data visually looks imbalance in the price distance
One can observe and look for opportunity
Upcoming future price moves , He believed in equal magnitude of price movement is common occurrence in the stock market
In this scrip also i do find an possible up side move once this down fall is paused or slowdown , i am forecasting that the price may be paused near 1400 and you can expect a
reversal on daily , which is high likely to move beyond current immediate highs
the circled data visually looks imbalance in the price distance
One can observe and look for opportunity
When entire Crowd is talking it will go down continuous , i posted that it will high likely pause the drop and will make new high