I am not interested to post anything vague for falls fame, but there was many questions, to take short positions. I said Big NO to them, and cautioned them, it is unsafe to go against the trend, and cannot be done until we get a strong signal of reversal. Especially the bullishness in wave 3 cannot be measured with any Fibonacci scale.
We are unknown friends, but it is painful if any of you lose money due to a miss communication or due to our ignorance. Time and again I was also advocating a view. If you don’t understand the time frame reading this message is quiet Difficult. Now we may correct few 100 points, But we must be BULLS until we see minimum 10855 in nifty .
So please be watchful for the moves. The external influences are still supporting the bulls.
Did you get me please??
I have a similar view, the current Gap could be an exhaustion gap, at the end of minor wave.
we may see a correction to 8740 at least.
This count is also can be right as it doesnt break any rules, but bracketed iii doesnt show the personality of wave (III).
Inner waves reduces the clarity. let us wait for the current move to conclude, then more clarity will emerge.
Comparing the size of 3 as such marked in black circle above attached, I am not supposed to do that, but just for a discussion, assuming, that much minimum it can move.
That is why, I have labeled a minute and minuette wave fractals with in 3, hoping a long wave.And I have mentioned that may be ninute iii still in progress,
see the Question marks near to the labels??? So that count is not clear & incomplete without knowing the degree of the inner waves .
Hopes that you are discussing 3 of (5) as I labeled here.
With in 3, wave is in progress, or will it conclude with only one lesser fractal, is not yet known. If we take that way, then internal iii of 3 is still progressing and extending, and v is yet to be started. The jumping gaps are wave iii personalities, what you observe is right.
Or the other way, if it is v completing means , it is a lesser degree v ,and that conclude then will open down.
By the way,You are mentioning complex wave 4 is too far, if you are discussing all degree and time frames in one thought, we will mess up everything.