Jet Airways- Have we started 3rd waves?

The fall from 562.40 to 443 which was wave-1 retraced 38.2% in 488 was a good opportunity for taking sells or a break of 450-453 zone was another chance for taking sell positions as updated in previous updates. In the zone 360-365 it will measure equality distance travelled in wave -1 down from 562.40 to 443 -which will be minimum distance- it should travel atleast.

Trade closed: target reached:

Almost hit the target zone at 371 lows@16th Nov2016