In my March 17th analysis, I thought that Wave 5 extension may have ended and we can see a deeper correction but when I re-look at the weekly charts it looks like it is the wave 3 extensions only and by bouncing off from wave A low we may have completed wave 4 and now we may be starting wave 1 of wave 5
Levels on charts
Everything mentioned in the chart
Gold is making leading diagonal in wave 1 of reversal and will complete its diagonal structure just above wave 3 high. Watch out for the investment
Nifty may have completed its wave 5 structure and now its in wave c of corrective wave. Happy Investing 👍
Nifty is looking weak, it may have completed its wave 5 starting from March. Now it look like wave 3 of wave c is in making and it’s a very good setup to short with R:R of 1:2