#Reliance - possible pause to the downfall

Reliance may have completed an a-b-c correction or W of W-X-Y, we can now look for a upmove, if it is in 5 waves, the trend may be resuming upwards, else we are possibly headed down once more after that to the 50% correction range before a the larger trend resumes.

Trade ist aktiv:

Good reversal, looks impulsive for now. Can hold positions