This is the big picture wave iii has concluded , since wave ii was shallow wave iv may go deep 50 % retracement stands @ 75 , Hence buy when Federal bank reaches 75 levels (stop loss should be 50) Target for wave v should be much higher (above 130) but this trade may take some more time to materialise
Long term elliott wave perspective do not count much on this if i am right , i am lucky , if not , i am just another elliott wave practitioner
a small correction in my previous chart Corrected in this chart comments / critics welcome
There are series of daily chart involving multiple abc's Presently i am not sure in the fag end whether wave C is completed or not Wave analysts - please be free to analyze the chart