Wave 4 Correction is place on larger degree
WAVE 4 is showinng WXY correction with X Wave faked out around 2100 and then Y leg started.
We will get the confirmation of wave 5 impuse only when it breaks 2100 and closes above it. At that time the target is 2400 and 2550-2600 for Wave 5 Impulse leg.
On the down side, if Y leg is extended a bit, it may spend some time here in the timewise correction.
I started to think now that we may not see much price wise correction now.
We can take the delivery now and keeps on adding till 1700-1650 range for F&O, we can buy when 2100 is broke cleanly and it closes above that.
WAVE 4 is showinng WXY correction with X Wave faked out around 2100 and then Y leg started.
We will get the confirmation of wave 5 impuse only when it breaks 2100 and closes above it. At that time the target is 2400 and 2550-2600 for Wave 5 Impulse leg.
On the down side, if Y leg is extended a bit, it may spend some time here in the timewise correction.
I started to think now that we may not see much price wise correction now.
We can take the delivery now and keeps on adding till 1700-1650 range for F&O, we can buy when 2100 is broke cleanly and it closes above that.
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Disclaimer
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.