PGHL: Elliott Wave Theory
The PGHL is in the correction phase of Elliott Wave.
Last wave (5) has been over at 7472 levels and 9 months was time frame. Further, ABC correction started, A is about to complete this month (Nov-21) with 61 % fib retracement from Top levels (7472-2891 = 4581 * 61.18% = 2802; thereby, 7472 - 2802 = 4670 completion of wave (A)) with the same time frame of 9 months.
Wave (B) will be from Dec-21 to Aug-22 from the 4670 levels to 6383 levels.
Wave (C) will begin in Sep-22 from 6383 levels and expected to complete in next 9 months by May-23 at 4670 levels.
This will complete the cycle and a new progressive wave cycle will start after Jun-23. I will keep posted.
Last wave (5) has been over at 7472 levels and 9 months was time frame. Further, ABC correction started, A is about to complete this month (Nov-21) with 61 % fib retracement from Top levels (7472-2891 = 4581 * 61.18% = 2802; thereby, 7472 - 2802 = 4670 completion of wave (A)) with the same time frame of 9 months.
Wave (B) will be from Dec-21 to Aug-22 from the 4670 levels to 6383 levels.
Wave (C) will begin in Sep-22 from 6383 levels and expected to complete in next 9 months by May-23 at 4670 levels.
This will complete the cycle and a new progressive wave cycle will start after Jun-23. I will keep posted.
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