It appears wave 2 was very deep , so we should expect a shallow wave 4 which should not go below 10,320 (ideally not below 10,370) which is 38 % of wave 3
let us see tomorrow's movement & comment
Critics welcome
Comment
⋅
Comment
⋅
Comment
⋅
Today's Big Question is whether Wave 4 is complete here or can it fall to 10,370
The c.4 has underwent into a complex correction. I think one sharp impulsive to make c.5 is still pending and shall dip towards 10370.
Another possibility - A Double bottom formed above 10400 today. It looks like a 'd' and 'e' pending.
The sharp upmove today and relatively coming closer to wave 1 - almost looks like the wave c is over , but cant say correction is fully over , however taking a mild risk @ 50 % retracement
joel-vg
⋅
@rajivghosalkar, i suspect the last upmove to go as an ending diagonal pattern
Another possibility - A Double bottom formed above 10400 today. It looks like a 'd' and 'e' pending.