April 4, 2016

Vivek Patil's Neowave outlook

... if the correction that started last year does not get over in about 13 months, then it can get stretched to 21 months.

This, however, would also require the change in the structure we assumed for the 13-month log corrective phase. 

Currently, we are assuming it to be a channeled “Triple” with 3 correctives separated by 2 x-waves.

However, if the Correction does not get over around Apr’16, and starts stretching beyond, it could be converting itself into a big NEoWave “Expanding Triangle”. 

The internal structure of Expanding Triangle would be discussed later if required.

Read more at http://content.icicidirect.com/ULFiles/UploadFile_201644111338.asp

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