C of (D) seems to be complete as can be seen; five ways up. A 50% retracement of (D) is quite reasonable for the (E) wave.
Note, primary wave (circle) 4 and primary wave 2 seem to be of similar duration as shown on the chart
Note, primary wave (circle) 4 and primary wave 2 seem to be of similar duration as shown on the chart
Note
the (E) wave is close to completing its zigzag pattern. i believe we are at the final fifth sub wave of C looking at a 2H chart. we should either have a double bottom or dip a bit lower to 8183 or 8044 at that point primary wave 4 would be completeNote
if the market takes out 9393 level then most likely it is the start of primary wave 5 to all time highs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.