CONFIRM SHORT TRADE IN SBIN AS PER WAVE THEORY and DEMAND SUPPLY

We are looking at the Monthly chart here; we clearly see Wave 1, 2, 3, 4 complete and now Wave 5 is forming;
Wave 1 and 5 are almost similar waves in terms of both magnitude and direction also Wave 5 each and every time definitely breaks the low made by the end of Wave 3 therefore we are super sure that it will cross the previous low of Rs . 149.45.

Let's verify every Wave in the Lower Degree to confirm the above structure and to find an accurate entry in the Potential Supply Zone ;

Wave 1: Downward Simple Impulse


Wave 2: Upward Simple Correction


Wave 3: Downward Simple Impulse


So Wave 3 is complete and verified I have also shown the magnitude of every Wave to have a clear understanding regarding the Impulse;

Wave 4: Tripe Three Correction Explained and verified with most unexplained X Waves;


After verification of all these Waves we are sure that this is a downward Impulse and Wave 5 will surely end below the Low of Wave 3 ( Rs . 149.45)

Wave 5 will formed as per the Monthly chart which means we will have 5 Wave downward Impulse in The Lower Degree charts


Here we see that Wave 5> Wave 3> Wave 1; which is together a Wave 1 and hence we are sure to have Wave 3 as an Extended Wave;
Hence the Downward Move is assured with immense volume ;


Wave 3 starts and here we will have a 5 Wave downward Impusle formed;
We have Wave 1 and 2 complete which confirms the start of Wave 3;

In Wave 3 which is to be formed in 4H hence there will be Impulse formed in Lower Degrees which are as follows;
Also this is the 1st Trade in Downward Direction;