Any move above 122 & sustains then I shall look for respective wave-iii in purple or if it falls & sustains below 116-117 zone -it could indicate that rally was the b - wave in wave-ii (purple)- which is alternate waves.
In that case we could travel close to 80-85 zones
Trading Strategy
Wait for market direction
Previous Analysis- Rocket Move from 107-108
GSFC 2016 Diary
In that case we could travel close to 80-85 zones
Trading Strategy
Wait for market direction
Previous Analysis- Rocket Move from 107-108
GSFC 2016 Diary
Trade active:
14:28 Hrs 20th Jan2017
Is ((b)) wave done at 121.50 highs just below 122 as suggested above.
Is ((b)) wave done at 121.50 highs just below 122 as suggested above.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
munna907
How can b wave of corective wave ii (as u expect) can retrace beyond an impulse wave i , i think it must be wave iii.....
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AbhishekHSinghCMT
munna907
@munna907, It is an irregular wave- which always exist in markets to confuse traders.
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AbhishekHSinghCMT
AbhishekHSinghCMT
@AbhishekHSinghCMT, only sustained move above 122 will start giving us clue that is wave-iii
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