OCTOPUS - all set to fall to 16.90 (45% down)Octopus Digital Ltd.PSX_DLY:OCTOPUSkashif493OCTOPUS (31.06) 02-08-2026 It has started its downward trend from 121 in Aug/24 by forming Elliott wave pattern of wave-1 extension. Its waves-2 & 4 have formed under rule of equality (time-wise) and 0.618 ratio (price-wise). Now it is forming its final wave-5 whose target comes to 16.90. However, confirmation will come as it breaks down level of 24.30. Stop loss may be kept at 30.10 or 28.90 as per your risk appetite. Exit is recommended as it breaks 28.90. -Above bearish scenario will become invalid if it sustains 37.50 Reasons:- 1. Over-all structure: Wave-1 extension with internal retracements 2. Wave-3 completed with extended wave-5 3. Violation of Time Rule in wave-3 retracement (indication of downward continuation) 2. Alternation principles of wave-2 & 4. Do Your Own Reseach No Claim, No Blame