Explained on the chart. Views are personal. Don't trade without understanding the risks involved. HAPPY TRADING.
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watch carefully 40565 level. If it is breached, that will confirm vth of 5th.
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sorry.40500-40510 level
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OOPS!!!
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BUT keep in mind the expiry factor. Can give a surprise bounce intraday. So follow your own risk management if short. Use the bounce towards 40900-41k as selling opportunity.
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covered short. expecting bounce to re enter.
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bounced from wave 4 which can be alternate wave 4.So exit if u r still short.
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the structure in hourly TF shows triangle d-wave,a clear indication that 4th of 5th is going on.So no further short.Better go long now. Analysis valid if 38377 is not violated-i,e sl <38377.(will post chart when gets time)
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no. SL of the revised view hit.So the original view prevails-i,e long & cold winter staring ugly on our face.Short on rally towards 38800-39000
