we clearly see GAP DOWN in 3rd wave of the 5 waves of the C wave. What does this indicates? A fall to complete the 3rd wave was quick. we are done with 3rd wave and in the process to complete the 4th wave.
Possibilities:
*) Downward it can go to 1148-1160 to complete the 5th wave.
*) It may close the 3rd wave Gap before resuming its downward Journey to complete the 4th wave. (Less Probability)
In Either case I would prefer not to enter any new position and wait for the right opportunity.
Disclaimer: I am not SEBI registered Member. This is Strictly for educational purpose only.
Possibilities:
*) Downward it can go to 1148-1160 to complete the 5th wave.
*) It may close the 3rd wave Gap before resuming its downward Journey to complete the 4th wave. (Less Probability)
In Either case I would prefer not to enter any new position and wait for the right opportunity.
Disclaimer: I am not SEBI registered Member. This is Strictly for educational purpose only.
Trade active
We are done with the 5 waves of the Wave C of the A-B-C correction. Its time for impulsive move. What's next, wait for the the wave 1 to get completed, after that wait for the pull back, which would be wave 2 and then enter for the fast and sharp move.. Will update once we are there.. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.