5th wave of Wolfe wave
is forming near the previous swing low of 197. At the same time lower median line
is near the wave. Volume
has been average. 205-201 zone must be watched carefully for meaningful entry with sl belwo 194. If price closes back within lower line of falling wedge
then probability of strong reversal towards 4th point will be very high. RSI
is already at 25. Another dip in price could take it between 15-24, in deep oversold zone.
Very important level : 177 and 265
Disc : it's not an investment advice to buy or sell