Above 545- touched the evening star head high@557- I love you ipca. Likely we should not cross 557- done for the day.
Shall wait for new clues & new movement- which is downside largely
Regards,
Abhishek H. Singh, CMT
Longer Term Break of Rising Trendline is required for big downside moves. In current scenario, If prices go above 545 then we could look for a small upside move till 551 -in the top of evening star head.
In coming session if it goes to 550-552 zone & falls below 537- We shall be bearish again till logical target of Rising Trendline as shown in previous update.
Closer Look of how this corrective pattern is opening up .. Hourly chart for reference & clear picture to action- likely going below 420-422 -It will confirm that iv? is in place. One can trade if it goes below 500 & breaks the trendline or going below 500 & bouncing back & not taking out the recent swing high shall be the signal for v?-wave in C-Wave.
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W-X-Y Moving Going On - A Complex Correction Y -Wave equals 161.8% of W-Wave @567.. We shall for Jackson Hole Summit to its desired effect. Likely Breaking of Trendline & Going Below 500- IPCA should rush to 360-370 zone.
Regards,
Abhishek H.Singh, CMT
Once the rising trendline gets broken- & possibly below 500- IPCA Labs can start its v?th wave & the final wave in Larger C-Wave.
This v? th wave can complete in the range 365-375 where C-Wave equals 161.8% of A-Wave. Let us wait for Jackson Hole Summit.
Regards,
Abhishek H.Singh, CMT
