SRF EW analysis - sub wave C of wave (2) is going on here.
In monthly, ew count shows that sub wave C of wave (2) is going on here.
Here are the fractals of wave (2) in daily,
fibo extension of sub wave C.
. 1(1251), 1.272(1085) quite possible here.
fibo retracement levels for wave (2).
.382(1235), .5(1000) quite possible here.
Here are the fractals of wave (2) in daily,
fibo extension of sub wave C.
fibo retracement levels for wave (2).
Comment:
in daily, it is showing strength, price broke out of descending channel, without any rise in volume, it should be a retracement to the current downtrend, but overall picture is bearish.