Wave (V) will be formed in 3 i.e.,(A),(B) and (C). Now wave (A) in progress. There may be another 200 points movement to complete wave (A). Then move down to 31800 level to form wave (B).
Actually wave (the breaker represents circle in my previous charts), is unfolding as an expanded , which is more powerful than converging diagonal.
1. Ending at the top of the wedge( this is normal as per wave theory)
2. Overshooting to some extent over and above the top trend line (This happens most of the time than normal)
3. Undershoots. That means terminates half way without reaching the trend line (this happens occasionally)
As a rule for ending diagonal waves 1 to 4 formed in abc. Wave 5 also to be formed in abc. A is formed with strong uptrend. Carefully watched for waves B and C.