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“The only thing to do when a person is wrong is to be right, by ceasing to be wrong. Cut your losses quickly, without hesitation. Don’t waste time. When a stock moves below a mental-stop, sell it immediately.”
Indian Market - INDY
The Indian market is probably the most bullish, in the long-term, among major global markets.
It appears it is starting wave 2 correction, which may be shallow as depicted, or perhaps deeper to 61.8% retrace.
Catching near that wave 2 low will be a significant opportunity to ride a powerful wave 3 of (3).
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Consider following me on X (former Twitter) in addition to the newsletter, as I often post valuable information there in real time between the newsletters.
For example, Yesterday, I posted my EW count update.
2+ weeks ago, I posted a ST long opportunity in FXI in the free newsletter.
I hope nimble traders were able to take profits at about 123.6% target I posted subsequently.
#China#ETF#FXI Elliott Wave count update.
Exceeded slightly 123.6% fib target, but that's OK.
$China #ChinaMarket#ChineseMarket $FXI— BraVoCycles Newsletter (@BraVoCycles)
5:10 PM • Oct 8, 2024
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