In weekly, price bounced from ascending channel support and moving towards the channel resistance.
sl - 525 tgt1 - 705, tgt2 - 740.
sl - 525 tgt1 - 705, tgt2 - 740.
Comment:
price respected 470-480 level, and reversed from there, seems wave (iv) is complete and wave (v) has started here.
Comment:
price at major support level
so I considered the 2016 jan dip as the start of impulsive wave, so as per the ew guidelines price should not breach 480-470 region and it should start its up move above or around this region, if 470-480 level is getting broken , then we need to do the recount.