I am Looking this has completed and one cycle of 3 wave pattern forming Wave (W) in down ward trend
After completing (W) its forming in 3 wave pattern within its internal structure which leads to Confirmation of its an
Corrective pattern in ongoing corrective phase and it has completed wave a, & b and its on the way to finish its wave c of 5 wave moves with the entire structure
its about to end its wave 4 of C and it will high likely move till 322 forecast target
I am not looking beyond the forecast target as visually its still looks like an corrective structure
one can wait for daily reversal and look for going long with stop below the reversal candle for this short range move
Look for buying May Futures contracts in coming week so one can book profits when it hits the target
After completing (W) its forming in 3 wave pattern within its internal structure which leads to Confirmation of its an
Corrective pattern in ongoing corrective phase and it has completed wave a, & b and its on the way to finish its wave c of 5 wave moves with the entire structure
its about to end its wave 4 of C and it will high likely move till 322 forecast target
I am not looking beyond the forecast target as visually its still looks like an corrective structure
one can wait for daily reversal and look for going long with stop below the reversal candle for this short range move
Look for buying May Futures contracts in coming week so one can book profits when it hits the target
Trade active:
Price came down as per expectation , Now i am looking an pause in price movement which will confirm the likely reversal , if continue to move down i am not looking for any short sell in this
Comment:
Today price paused , one can wait for reversal candle to form and buy on brake of the high
Comment:
I think price paused to Natural Now , still need a Bullish candle for buy , waiting for daily Green candle is Good advise
Trade active
Trade active