EURJPY 4H Elliott Wave Forecast
Sideways Movement
* The price has completed five downward waves representing wave (A), which is part of a larger corrective wave.
* Currently, the price is moving sideways, indicating the potential formation of a triangle pattern representing wave (B).
Scenarios:
* The triangle pattern is expected to complete all its sub-waves, which will mark the end of wave (B).
* A downward wave is expected after breaking the key level and the lower boundary of the pattern, potentially initiating the decline .
* Wave (C): The projected target for wave (C) is for it to be equal in length to wave (A)
Keep reading
Daily recapNEPSE closes -1.36 lower as breadth collapses to 51 advancers against 289 decliners
The market closed sharply lower, with the index at 2,618.03, a change of -36.25 or -1.36. Selling pressure was broad and one-sided: 51 stocks advanced while...
NEPSE closed higher at 2,654.28 on turnover that ran well above its recent median, though breadth narrowed sharply from the prior session.
The index finished the session at 2,654.28, a gain of +0.26%, with turnover rising to Rs 7.05 Arba — a reading that sits well above the trailing median and...
NEPSE closes higher at 2,647.22 as turnover rises and 228 stocks advance against 97 decliners.
The NEPSE index ended the session at 2,647.22, a gain of 22.85 points or +0.87% percent from the previous close of 2,624.37. The advance occurred on rising...