C wave should move 2 or 2.618 fibonacci levels.
5th wave of C should be 100% or 1 fibonacci levels of Wave 1+ Wave 3.
Expecting correction End near 14000-14000 for current ABC correction.
5th Wave should trade in Parallel Channel next session will clarify more about Reversal
Just for study purpose only and should not be interpreted as a proposition to buy or...
ITC previously corrected 0.618 fibonacci level after making swing high from march 2020 lows.
When channel drawn on swing high and March low 0.618 fibonacci level comes at lower end of channel. Coincidence or probability of downside in future.
Just for study purpose only and should not be interpreted as a proposition to buy or sell in any securities.
Price was thrown out of channel making 15432 top now thrown under channel but only to go up.
14300-13900 reversal zone