Weekly log scale . Depth of corrective waves
(1) Wave (iii) is a wave with a 1st wave extension . It has corrected by wave iv till 38.2% . Wave iv has corrected to wave ii of one lesser degree as per Elliott guide line regarding depth of corrective waves .
(2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag .
Long with with SL of 3450 as today a close above 3519 will complete a bullish reversal three inside up pattern
(2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag .
Long with with SL of 3450 as today a close above 3519 will complete a bullish reversal three inside up pattern
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