There open many probabilities. Wave[2[ was a simple zigzag, hence as an alternation rule
wave[4[ will be a complex correction. if this is still in wave [4[…. It can be double or triple combination correction. The waves doesn’t show any clarity after the shown x wave. Once the wave[4[ concluded, probably somewhere near the bottom trend line area, it will open up for wave [5[ and since wave [3[ is extended, wave [5[ will be normal , may be equal to wave [1[ a 1200 points, and can be an ending diagonal even.
Secondly…. If wave [4[ is concluded at 3470, then we are already in wave [5[, then on breaking above the TL 4540 it will fly towards 5000 and 6000.
My 2cent. Whatever may be the case, it is worth investing in good stocks like this, the down side is very limited, stop is 3785.
wave[4[ will be a complex correction. if this is still in wave [4[…. It can be double or triple combination correction. The waves doesn’t show any clarity after the shown x wave. Once the wave[4[ concluded, probably somewhere near the bottom trend line area, it will open up for wave [5[ and since wave [3[ is extended, wave [5[ will be normal , may be equal to wave [1[ a 1200 points, and can be an ending diagonal even.
Secondly…. If wave [4[ is concluded at 3470, then we are already in wave [5[, then on breaking above the TL 4540 it will fly towards 5000 and 6000.
My 2cent. Whatever may be the case, it is worth investing in good stocks like this, the down side is very limited, stop is 3785.
Comment:
3935 looks like a support.