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Patel Integrated Logistics

20 Aug 202009:53 AM

Value Wave Investments - update 

The previous two posts looked at the long term setup as prices were at the lower end of a multi year trading range. Now we have broken out of the last falling pattern that involved a expanding triangle visible in blue at the bottom of this chart. We are from there rising impulsively. We may use a channel for wave 3 of 3. The top end of the channel will then come at 37. however we are past the point where iii=i, and therefore the next extention is 161.8% of i at 38.50

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