B wave is completed or about to complete at 0.5 times Fibonacci retracement of wave A i.e. around 9963. Assuming to be the zig- zag ABC correction than C wave will follow the downward course till 1.618 times wave A or beyond i.e. around 4500 or lower. Also it can be seen in future that completed wave B will form second shoulder of Head & Shoulder pattern and eventually leading the downward progression of wave C to 1.618 times wave A.
If wave A was very fast and dynamic....can we say that wave B shall take more time....and shall b slow....timewise correction of A impulse should be slow...and lengthy
Innovative_Impressions
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@naru999, Mostly wave B is 0.618 or 0.5 times wave A..since April high is around 0.5 times correction of Wave A..we can interpret that high of wave B is far or less achieved..but how much time it oscillates between 1 to 0.5 Fibonacci retracement of wave A can't be accurately judged.
abhisheksaddia06b56e4ed1c44ca
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Your Wave 3 counting is incorrect and hence the overall wave count is incorrect
@Innovative_Impressions, I replied to you yesterday but apparently my post was removed as i had put my blog address in there. Anyways, i am saying that your wave counting within wave 3 is incorrect as it is not evident on the structure.
AbhishekSaddi
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@Innovative_Impressions, you can just google my name abhisheksaddi and you can find my twitter handle is of the same name, i did a forecast on 21st January 2020 that a potential top has been done yesterday on 20th January at 12430 and now we are going for the zone of 9119 to 6825, you may get clarity over there