Possible wave 4 in progress scenario . MACD confirm a decline in up momentum and on Feb 9 the price broke down the previous daily englufing candle with high selling volume .
Wave minimum level is 20255.65 and max value 19311.80 .
Invalidation :
Wave 4 should not make a daily close below the 61.8% retracement of wave 3.
Wave 4 should not retrace below wave 2 low
If price breaks up the 23452 level before reaching the min wave 4 target level
Please do your own analysis before trading .
Good LUck
Wave minimum level is 20255.65 and max value 19311.80 .
Invalidation :
Wave 4 should not make a daily close below the 61.8% retracement of wave 3.
Wave 4 should not retrace below wave 2 low
If price breaks up the 23452 level before reaching the min wave 4 target level
Please do your own analysis before trading .
Good LUck
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invalid scenario
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