If we are in ((3)) as per your analysis then probably it will be (i) instead of (3), IMO. But could be we are stretching it now. Top is already made and we are heading for a correction.
Neowave-forecast
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@debdeeps, lets say (1) blue degree is smaller one.....its 3 in my opinion and we are headed for a correction in form of wave -(4).....with wave (5) in blue....we will complete the wave ((3)) but wave ((3)) in black can extend further other wise we will see a correction on weekly level.