1- monthly time frame is showing negative divergence with complete impulsive wave count. no conformation of reversal 2- weekly time frame if my traingle count is right then we are near the end of correction. or previous low was wave 2 then we may advance in wave 3 3 daily price broken out from double bottom rectangle pattern and retracing 4 hourly time showing we are ending wxy correction but no conformation yet
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current advance is weaker then previous one watch 11700 level to hold for any trend continuation
On the hourly chart you have written reversing from 38 to 50 levels. Is that 38 (11292.30) and 50 (11171.26) or 38 (11426.14) and 50 ( 11476.66)?? basically hourly are you looking at bullish or bearish signal.
sakesh1858
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@jdjoshdias, retracement of move from 10670 to 11692