A correction of the rise from C to D for E is likely.
Retracement of the rise from 16899 to 18975
are placed at 18490(23.6%) and 18490(38.2%).
Ideally must hold these levels.
If it does not then next retracement levels
50% 18186 and 61.8% 17693.
The correction if extend to either of these levels
will depends on correction momentum.
Higher bottom will be created at either of the above retracement.
Once swing higher bottom is witnesssed then expect
rise to resume with breakout above the recent high to
extend up to 20428(23.6%) fib-projection
and subsequently to 61.8% 24687.
Retracement of the rise from 16899 to 18975
are placed at 18490(23.6%) and 18490(38.2%).
Ideally must hold these levels.
If it does not then next retracement levels
50% 18186 and 61.8% 17693.
The correction if extend to either of these levels
will depends on correction momentum.
Higher bottom will be created at either of the above retracement.
Once swing higher bottom is witnesssed then expect
rise to resume with breakout above the recent high to
extend up to 20428(23.6%) fib-projection
and subsequently to 61.8% 24687.