Last Price- 3480 / 20:29 Hrs IST (Indian Standard Time) / 19th Oct2020
Wave (iv)- Penultimate wave -unfolding as a triangle then next wave should be the final thrust upside - only criteria is top @3588 should not be crossed for current wave count to be a valid count
Expecting One push upside close to 3550/3570 to finish wave-(v) ( Crossing above 3506 highs) Once wave-(v) done & holds below 3588 highs then we expect larger degree Wave-3 to unfold below 3588 tops
Wave 3 should travel 161% of Wave 1 distance downside giving us minimum target 3100 / 2950 later
Trade active
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Not overlapping 3398 -suggest that wave 5 is pending upside
or
Any move below 3398 levels will indicate 3550 was the top for wave sequence
@AbhishekHSinghCMT, By Market Updates you mean your last update on this >> "Any move below 3398 levels will indicate 3550 was the top for wave sequence"