Still there is not much change in original count. we saw a nice rally in green wave (1) from 94 to 150 and now we are in corrective wave 2. The ideal target for green wave (2) is near 115 where green wave () equals 61 of Fibonacci of green wave 1. However keeping in mind that we cannot rule out Elliott wave principle that wave 2 can retrace up to 100 percent of wave 1. Once the green wave (2) in place the long term trend resume beyond the 150 area. The question is now that is red wave B already place near 141 or we still looking to complete wave red B before decline in red wave C towards 115 area ?
muhiuddin
0 Comments