The wave clean and clear. The price is trading for wave 4 corrective of ((v)) impulsive wave.
The long Entry can be as counter wave 4 sub-wave and the main trend is up.
For the Entry level, we have to move lower TF.
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Used retracement for wave ((4))
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From a significant low, The Wave-Counting on 1-D TF chart for the "State Bank of India". The wave ((v))) is under progress which be expect ((v)) = ((i)).
The Wave ((i)) of different at 82 = 231.55-149.45
The impulse wave ((i)) has a Leading diagonal at 231.55.
3-waves ZigZag patterns have unfolded by the wave ((ii)).
The extended wave ((iii) has five sub-waves.
The price has already started upward heading at 321.3 as a correction from wave ((iv)).
Wave ((ii)): retracement of wave ((ii)) is 0.618 % of wave ((i)) at 181.15 Wave ((iii)): retracement of wave ((iii)) is 3.618 % of wave ((ii)) through ((i)) at 427.70 Wave ((iv)): retracement of wave ((iv)) is 0.382% of Wave ((iii)) at 322
Where are we? We are at wave 4 of the wave ((v)). To find the length of wave ((V)) I have drowned a paralleled channel from wave ((ii) to wave ((v)) and connected with wave ((i)). Which is showing us how far wave 5 can travel? I am going to find the ending point of wave 4 of wave ((v)) so we can grab wave 5 of ((v)).