In my previous analysis we are confusing whether red Wave B completed near 141 or is still going to complete in sub-wave abc. But we now prefer the first scenrerio that red Wave B placed and now ware are in final red wave C of green 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.
muhiuddin
0 Comments