Short Continuation

Sep 23, 2018

I am looking this as Start of Wave A (Corrective) which will be impulse in nature and likely to move till 9800 , here i have showed an 5 wave impulse move up on Weekly time frame , and after that the correction has started , if you remember i have mentioned the same in Previous chart on Higher time frame using Kagi as price based tool , the 5 wave of impulse is completed ,
I am looking an ZigZag kind of pattern and based on my personal understanding i have placed future possible ABC as correction
one can look to stay in the direction of higher time frame and look to sell on weakness

Oct 13, 2018

Note

as the pull back on last week is weak to consider any immediate up side move , i am still convinced sell on rise should be view in Future contracts