3rd wave was extended one
which ended at 3.618 of 1st wave measurement. The corrective ABC
remained within 0.386 of entire run from bottom of 2 to top of 3. This is typical sign of 4th wave. The triangle type consolidation happened normally in 4th wave. Breakout happened on the back of volume
, positive RSI
reading. Target could be 0.618 to 0.786 of 3 Rd
wave length added to bottom of 4th wave. 3rd wave was extended one
. So expect 5th to be shorter. 75 to 81 could be reached if holds 57 on daily closing basis. This is also the target of triangle and coincides with 4.618 of 1st wave.
Disc : it's not an investment advice to buy or sell