Note: This is for educational purpose only.
21 EMA has acted as a dynamic support in the past. There seems to be a pullback to 21 EMA and formation of hammer. Moreover, there is increase in volume. RSI is at 58 which is nearing bullish zone.
Market scenario is positive, everyone will buy now but smart money booked their profit. So in order to be successful trader you must need to think and act like a professional trader.
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Upward Impulse complete and the correction forming is a Fat Correction where Wave A is complete B is almost complete;
Hence Wave C is yet to start and this is going to be a downward Impulse with 5 Waves and this correction ca retrace the Previous Impulse as much as 100% as per the rule of the Elliott Wave Theory;