Vodafone Idea - Finally looks like correction is over

I had earlier published my analysis on Idea multiple time and all went wrong as itformed complex corrective pattern.
I found a leading diagonal and so was expecting a good impulse move as the 3rd wave (marked in chart).
But as usual market has its own ways to tell you that you have still a lot to learn, and this one seems to have had a mind of its own and formed an expanding triangle for wave 2 (normally its not seen for wave 2).
However what i observe now is that the said complex correction -corrected to 0.618 levels which means an ideal level for wave 2, and the correction is complete with the E wave breaking the AC line.
So probably there is a fair chance to see the impulse move of wave 3 sometime soon.

Now that the govt ownership is at 49%, if the company goes bankrupt the government is going to be the biggest loser and they will end up writing off not just the fines and penalties but also the pending dues.

Keeping my fingers crossed here.