ok so this count is again single leg counting where I am just counting the recent fall that we have witnessed for last couple of days or so.
So far, it looks like one set of ABC is completed today.
Also to notice is the formation of Ending Diagonal today.
We might see some bounce from here.
I have 2 trendlines drawn on the chart.
one is joing starting point and B, we call it 0 to B trendline.
the next trendline is joining 2 and 4, we call is 2 to 4 trendline.
First breakout should be 2-4 trendline which will confirm end of 5 waves in C.
Lets see how it goes...
People holding shorts should watch this 2-4 trendline.
Will update again as and when required.
All the best.
So far, it looks like one set of ABC is completed today.
Also to notice is the formation of Ending Diagonal today.
We might see some bounce from here.
I have 2 trendlines drawn on the chart.
one is joing starting point and B, we call it 0 to B trendline.
the next trendline is joining 2 and 4, we call is 2 to 4 trendline.
First breakout should be 2-4 trendline which will confirm end of 5 waves in C.
Lets see how it goes...
People holding shorts should watch this 2-4 trendline.
Will update again as and when required.
All the best.
Trade closed manually:
That 2-4 trendline is broken now..
Closed all shorts..
Holding no positions now.
Will see fresh from next week.
Happy weekend guys.
Closed all shorts..
Holding no positions now.
Will see fresh from next week.
Happy weekend guys.
