Trap upmove X about to end soon or already ended..
Updated counts as follows:
W 6229.45 5566.25 663.20
X 5566.25 5904.35* -338.10 -0.510*W so far
X.a 5566.25 5666.25 100.00
X.b 5666.25 5570.25 -96.00 -0.960*X.a
X.c 5570.25 5904.35 334.10 3.341*X.a so far...
Rising wedge along with negative sling on macd confirms X probably might ended...
Sell on hrly macd will confirm that by tmrw...
Y will do min as much as X ie just a tick below 5566.25 in coming days.....
Updated counts as follows:
W 6229.45 5566.25 663.20
X 5566.25 5904.35* -338.10 -0.510*W so far
X.a 5566.25 5666.25 100.00
X.b 5666.25 5570.25 -96.00 -0.960*X.a
X.c 5570.25 5904.35 334.10 3.341*X.a so far...
Rising wedge along with negative sling on macd confirms X probably might ended...
Sell on hrly macd will confirm that by tmrw...
Y will do min as much as X ie just a tick below 5566.25 in coming days.....
2 comments:
can we say recent downmove from top of chart to 5566 as A and now B is corrective to A....So B can do .618 times A..so target becomes 5975
Resistance 1 to be tested................
reason its also prior wave (a)
and Once the supposed X in progress moves beyond the x...........it is most likely B instead of X
C then to head down
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