Here we will wait to see market reaction & then likely participate in the bounce Y-wave for which confirmation is still required.
As suggested in a previous update that if Jet Crosses 383 then we will think of buying else likely looks to dip in the zone 365-368
Today's Day email@example.com kissed the zone mentioned in the last update- "Trading The Turbulence"
You would love to read previous updates as well
Bigger Triangle -Interesting Half of Year 2017
Had the flight 507515 landed- likely it should land in the zone 240-250's in coming days & months
The fall from 383-384 to current lows @361.60 doesn't looks impulsive so likely it should push upside one more time possibily till 386-387 zone where the fall from 425 to 363.65 is retraced 38.2% that should be minimum target -next target zone 390-392 which is 50% retracement & extreme push upside to 400-402 where it will retrace 61.8%.
Better will be if it starts moving above 370 marks & sustains above.
This is the reason why I always stress for confirmation -safe push upside only above 370. Prices dipped even below 361 -which was previous session low.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ