From the top of 1522- ABB is in corrective structure. This structure could complete in the zone 845-865 to finish 2?-yellow wave which will retrace 61.8%- an ideal retracements for 2nd Wave & can confluence with equality distance of Y-Wave.
Trading Strategy-1: With Strict Stoploss above 1325. One can look to sell for target zone 920-935 zone first- shall monitor in coming days.
Trading Strategy-2: Going Above 1435- shall open ways for ABB on upside. So, unless ABB moves above 1435- Strategy-2 will not be activated.
Regards, Abhishek H.Singh,CMT
Trade active
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15:30 Hrs-IST-22nd Aug2016..Have You Started Playing the Game With ABB---W=Y..Its almost 20-25 bucks down. Regards, Abhishek