If Line gets hit in impulse pattern( 5-3-5-3-5) would favor wave C.
if Line get hits in a-b-c pattern would create many ALT possible Bull counts.
Note: I am new to analysis. Please do not use this idea for Trading purpose. Learn from it if it works. After all, Market is extremely inefficient one which make Trades alive.
If line B is not getting hit in 3 business days, then may be its not correct to be on long side.
if unnamed line getting hit in mentioned time, then may be its not correct to be on short side.
If line A is getting hit in mentioned time, then takes some time in retracing and check if it pass thru above the line A to be on long side.
Note the word: 'May be'...
If wave iv able to retraces to 70.20, keep patience. Further after 70.20, If it moves below 69.25 then flat could be forming. if goes past above 70.35, Triangle could be forming. Strict SL required in either way Trading.
Primary wave 4 expected to be in sideway either in flat or in any triangle variation. One more higher high will invalidates ZIG-ZAG possibility as retracement will be more than 61.8 of previous move as per Neely wave
Looks like Wave A is complete. There should some Reversal with Wave B and will complete its correction C as some investors would look go for some profit. Please comment on this if you find anything missed out.