I am considering 2009 dip as the starting point for the analysis. So as per the analysis, sub wave iii of wave (v) of wave [iii] is either going on or completed.
now, wave iii is at the 100% fibo extension in.tradingview.com/x/Ht9HlEPf/.
here is a probable count for the fractals of wave iii,which suggests that wave iii is complete and iv is started https://here.https://in.tradingview.com/x/vVGsGLxT/,
regular bearish divergence formed recently, which is suggesting that wave iii is completed. in.tradingview.com/x/REK9x3se/,
occurrence of flat correction is high in wave iv, and it seems, a flat correction has started here. but flat corrections don't do deep retracement, here are the retracement levels to watch for
now, wave iii is at the 100% fibo extension in.tradingview.com/x/Ht9HlEPf/.
here is a probable count for the fractals of wave iii,which suggests that wave iii is complete and iv is started https://here.https://in.tradingview.com/x/vVGsGLxT/,
regular bearish divergence formed recently, which is suggesting that wave iii is completed. in.tradingview.com/x/REK9x3se/,
occurrence of flat correction is high in wave iv, and it seems, a flat correction has started here. but flat corrections don't do deep retracement, here are the retracement levels to watch for
Note
probable move in weekly, in.tradingview.com/x/58piKQa5/, wave iv can push the price to 9200-9600 level.
Note
after wave iv , last leg of impulse i.e. wave v can take the price towards 10800+ levels.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.