One of the Most interesting part of wave theory is Extensions , where usually you will find extensions either at 1 Impulse wave or 3rd Impulse wave in stocks
but when you find an extension in 5th wave , its very high likely the 5th of 5th wave will get extended
You can visually look the price extending in deep move
One can expect the termination near the forecast level
Trade active
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Please wait for daily reversal candle to close before entering the trade
@paraskumar, please wait for daily reversal to take place , its not necessary that it has take pause or reverse , the technical analysis is a tool where we understand things and account high probability to take up the position of trade , everything needs a validation that the pause or reversal has taken place on real time basis
Regards
kitc_india
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What is the target after reversal
ShreeKrishna
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@kitc_india, i have long term view , i can say around 30 points form reversal day close is my 1st Target