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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