Law of Similarity ( One of the Hypothesis )

One of the Hypothesis followed by R N Elliott is law of similarity , he has always found the moves made in the past will have same effects in the

Upcoming future price moves , He believed in equal magnitude of price movement is common occurrence in the stock market

In this scrip also i do find an possible up side move once this down fall is paused or slowdown , i am forecasting that the price may be paused near 1400 and you can expect a

reversal on daily , which is high likely to move beyond current immediate highs

the circled data visually looks imbalance in the price distance

One can observe and look for opportunity

Komentarz:

I am updating pattern that has come up , and its still valid

When entire Crowd is talking it will go down continuous , i posted that it will high likely pause the drop and will make new high