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Technical Analysis of Elliott Eliott Eliott
job: Anti -trend.
situation: Corrective.
building: Marine Blue Wave 2.
position: Gray wave 5.
Next trend higher: Marine Blue Wave 3.
details: Marine Blue Wave 1 appears complete. Now, Navy Blue Wave 2 is active. Sull level: 10048.
Ultlatech cement Elliot wave Daily graph analysis indicates the anti -trend, which is characterized by a corrective movement. The current structure is the sea wave 2, which belongs to a wider gray wave style. This position indicates that after the completion of the circular sea blue wave 1, the arrow is now corrected in Navy Blue Wave 2, which paves the way for the next expected movement: Navy Blue Wave 3.
The analysis confirms that Navy Blue Wave 1 appears to be finished, and that Navy Blue Wave 2 is revealed. The following expectation of higher degrees is Navy Blue Wave 3, which is a possible appeal for the broader upward trend. The nullity level sits at 10048. The price movement above this level will nullify the current corrective structure and may indicate a stronger rise instead of just a decline.
The overall function remains corrective within a larger upward framework, indicating that the current decline is temporary rather than a reflection of the direction. Being part of the Gray Wave 5 means that the arrow remains within a larger bullish preparation. The Navy Blue Wave 2 may provide a good purchase opportunity as soon as it is completed.
In conclusion, Ultlatech Cement suffers from corrective decline (marine blue wave 2) within a larger bi -wave (gray wave 5). The market expects that the next step will be Navy Blue Wave 3, which must restore upward momentum. Traders must closely monitor the main nullity level at 10048; The breach would deny the current correction Expectations And a hint at a stronger gathering. It is advisable to wait for the end of the correction before expecting a new upper motivation.
Technical Analysis of Elliott Eliott Eliott
job: The upward trend.
situation: The rush.
building: Gray wave 5.
position: Orange wave 3.
Next trend higher: Gray wave 5.
details: Gray Wave 4 appears complete. Gray Wave 3 is active now. Sull level: 10048.
Ultimate Sement’s weekly Elliott wave analysis reveals the up expectations of the upward trend. Arrows show a reckless upward momentum. The structure of the initial wave was determined as a gray wave 5 in a wider up -to -boss sequence, with the existence of the current position in the orange wave 3. This preparation indicates a strong progress stage, with the completion of the gray 4 and gray -3 wave in progress.
the analysis It indicates that the next higher study step will be a continuation of the gray 5 wave, which enhances the upper structure. The end of the gray wave represents 4 conclusion of the previous correction, and the market now climbs with the gray wave 3. Traders should monitor the nullity level specified at 10048. The decline to this point would deny the number of the upward wave and can indicate a reflection or deeper correction.
The impulsive situation of the direction indicates a strong purchase pressure. The orange wave 3 inside the gray wave 5 indicates a strong progress slice within the overall upward trend. Traders must obtain a confirmation of the continuous upward momentum while staying on alert to violate the level of 10048, which would question the structure of the wave.
This weekly perspective highlights the fixed -ups of the Ultrasech cement. Gray Wave 3 is expected to pay prices to the top as part of the broader Wave 5 sequence. The nullity level provides critical risk management instructions. In general, the upward potential remains intact unless the main support level is decisively broken. Merchants should monitor Advance Gray Wave 3 Advance and keep focusing on the 10048 nullity point.
