Dear Suresh,I am new to this blog. Amazing analysis,as I went through your archives.The first two charts are crystal clear and both points towards a bearish one testing 5548.But the wave count 3 needs some explanation for a novice like me.Besides the point, you approach leads me to light and comes to a prognosis, no moves are random.Great job sir, great job
Dear Cheeku,The third alternative is simpler.According to this, we have completed the A leg of the down move and are currently in the complicated B wave. This will tend to consume time without going anywhere in particular.And ultimately wave B could end and a bigger wave C down may commence after a few weeks.Thanks for your comments, Cheeku.Warm RegardsSuresh
Dear Suresh,Thanks for the enlightenment which adds more clarity with your sum up.