You can see sideways part in an rectangle which is usually in 4th wave.
Then when triangle was broken start it confirmed start of new impulse.
Here Trendline was drawn which was a correction trend line, here point to note is it is broken in 3rd wave of impluse. When a 5 wave structure was completed then started correction, here correction was in ABC form. Which ended at About 1718 and again new impulse started of which 1&2 are completed and now it will try to break ABC correction line unlike previously. SL is 1725 T1 1753 and T2 1764
Point to note 3 waves are very impulsive. For example u can check Daily chart of ESCORTS.
Here multiplying factors is 27.15
Multiply 27.14 by price on this charts u will get Gold Price in Rupees
Then when triangle was broken start it confirmed start of new impulse.
Here Trendline was drawn which was a correction trend line, here point to note is it is broken in 3rd wave of impluse. When a 5 wave structure was completed then started correction, here correction was in ABC form. Which ended at About 1718 and again new impulse started of which 1&2 are completed and now it will try to break ABC correction line unlike previously. SL is 1725 T1 1753 and T2 1764
Point to note 3 waves are very impulsive. For example u can check Daily chart of ESCORTS.
Here multiplying factors is 27.15
Multiply 27.14 by price on this charts u will get Gold Price in Rupees