Indian terrain cmp 61. Note triangular consolidation on left side of chart. The slope of this fall is gradual and hence it needed a few days consolidation after breakout from triangle to reach target line shown in Wolfe Wave. In contrast the more recent fall from 88 to 41 has been very sharp and after breaking out from falling channel, it took a long time of sideways consolidation , before it attempted a breakout from range bound moves. Now it needs to show some strength above 61-62 to have a possibility of another upmove.
disc: not invested, In watchlist.
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