Our primary view remains that short term uptrend might have topped today. IF we fall below 9613 with a faster retracement then it will confirm that short term trend has reversed. failure to do so we should assume we are still in uptrend.
Reason behind such view - Fibonacci time wise , Wave A= wave B internal also we can see 3 waves in wave A and 3 waves in wave B. Mostly looks like a flat pattern is forming, if correct then we will get sharp fall to 9450 levels.
Comments
trading_learner
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Please label everything in a proper way or else u would have to change your wave counts again later..
Thanks
Trade safe and have fun
VikramGopalAimanda
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@trading_learner, i guess chart and description clearly gives my view on..expected direction and levels to watch.
Thanks
Trade safe and have fun