The impulsive wave from 425 to 363 which I am taking as Wave A or Wave 1 - Wave B or Wave 2- which was a corrective sequence ((w)) -((x)) -((y)) & shall be looking next for Wave C or Wave 3 Down.
If prices fall below 379 -it could be a signal for a down move with stops above 386 -recent high-later once it dips below 374-375 that will give confidence more on the downside.
What to expect next?
It could be larger connecting wave- (X) where the earlier structure was (W) which broken into ((w))-((x))-((y)) or simply Wave-3 down or Wave-C-- In all the sequence what ever form it takes - we will expect immediate down move if above mentioned levels are respected as mentioned above in trading strategy.
You would love to read my previous updates
Harmonics + ElliottWave@351
Bang On Move -Trading X-Wave from 381 to 367
Trading the turbulence@410-413
Has the flight 507515 landed
Bigger Triangle -Larger Picture Year 2017
Exploded to 397
Came out of the Ban Period
Sell Call did not activate & failed to trigger below 379
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw