A detailed Elliottwave correction is labelled. A large wave 3 impulse was followed by an expanded flat Wave 4.
We may have just completed a wave v or 5 of c of C of 4- which has taken the shape of an Ending diagonal. This has also ended at the previous Wave 4 which is typical such corrections. This seems to have ended wave 4 - a large ABC expanded flat.
If the price shows strength and moves above 83,400 - look for a upward break of 1,00,000 and beyond
We may have just completed a wave v or 5 of c of C of 4- which has taken the shape of an Ending diagonal. This has also ended at the previous Wave 4 which is typical such corrections. This seems to have ended wave 4 - a large ABC expanded flat.
If the price shows strength and moves above 83,400 - look for a upward break of 1,00,000 and beyond
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView