Yog3112

Yog3112

As we can see the main (1) and (2 )wave has been finished and the sub 3 wave has to retrace till 0.385/0.5 of Fibonacci level.the 4 wave will complete. If the trend line breaks , we will go for the sub 5 wave. And then wait for the correction of main (3) (4) wave.

Yog3112

RCF has completed 2 wave now ready for 3 wave, 3 wave is not shortest wave so go for long term & also gave breakout of long consolidation with strong bullish candel and great volume. In daily time frame it has given retest.