A clear view of ADX General Index

ADX:FADGI   FTSE ADX General Index
ADX completed it's wave 3 and it's in wave 4. wave 4 is unfolding in double three complex correction pattern. It's in near final phase of wave y. Can't say that it will reverse from the target point because it can again start unfolding in triple three complex correction pattern( Wave WXYXZ ). Chances are stock can rebound from 9167 level and will go to test near 9400 level temporarily. I am bearish on ADX General Index.

My Targets: -
1) My target for wave Y is 8900.
2) Reverse retracement 2.618 of wave Ⓐ of wave 🄦 is also near 8900.


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