Thursday, October 11, 2018

Ibventures elliottwave count

Offlate the darling of bulls
Ibventure has been in continuous lower circuits.
Lets look at its wave pattern .The stock has risen nonstop
from 20 levels.

The stock looks to have completed a big 3rd wave near 800 levels.
And now falling in 4th wave .Stock has got clear waves on chart ,Though the fib extensions are not matching quite understandable looking at the velocity of rise.Overall i doubt the stock going below 250.Let the pattern emerge.For now it looks the mighty 3rd wave is done for now in this stock.


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